Finance Companies Act 1967 · 2020 Revised Edition · Part 6 · Inspection and Control of Finance Companies
39. Remuneration and expenses of Authority and others in certain cases
Feedback & supportLast amended by an amending law of 2013.
The Authority may at any time fix the remuneration and expenses to be paid by a finance company —
to a statutory manager or statutory adviser appointed in relation to the finance company, whether or not the appointment has been revoked; and
statutory manager
“statutory manager” means a statutory manager appointed under section 35.
where the Authority has assumed control of the relevant business of the finance company, to the Authority and any person authorised or appointed by the Authority under section 42 in relation to the Authority’s assumption of control of the relevant business, whether or not the Authority has ceased to be in control of the relevant business.
relevant business
“relevant business” means any business of a finance company —(a)which the Authority has assumed control of under section 35; or(b)in relation to which a statutory adviser or a statutory manager has been appointed under section 35;