ADVOKS GLOBAL · KENYA
Insolvency Act
8. Application to act as insolvency practitioner
Edition: 2022-12-31 · In force
8. Application to act as insolvency practitioner
(1)A person who wishes to act as an insolvency practitioner may apply to the Official Receiver for an authorisation to act as an insolvency practitioner for the purposes of this Act.(2)The Official Receiver shall refuse an application under subsection (1) that—(a)is not made in the manner prescribed by the insolvency regulations;(b)does not contain or be accompanied by such information as the Official Receiver may reasonably require for purposes of determining the application; or(c)does not comply with subsection (3); or(d)is not accompanied by the fee so prescribed.(3)The applicant shall include in, or attach to, the application evidence—(a)that the applicant is qualified to act as an insolvency practitioner; and(b)that the applicant—(i)has a professional indemnity insurance policy or has provided security for the proper performance of the functions of an insolvency practitioner; and(ii)that policy or security meets the requirements prescribed by the insolvency regulations with respect to acting as a practitioner; and(c)that the applicant is a fit and proper person to act as an insolvency practitioner.(4)The Official Receiver may direct that notice of the application be published in the Gazette or in such other publication as the Official Receiver specifies.(5)Information to be provided to the Official Receiver under this section is, if the Official Receiver so requires, to be in such form or verified in such manner as the Official Receiver may specify.(6)An application made under subsection (1) may be withdrawn at any time before it is granted or refused.