what does it mean to put a company into administration
Administration (law) As a legal concept, administration is a procedure under the insolvency laws of a number of common law jurisdictions, similar to bankruptcy in the United States. It functions as a rescue mechanism for insolvent entities and allows them to carry on running their business. The process – in the United Kingdom colloquially called "under administration" – is an alternative to liquidation, or may be a precursor to it. Administration is commenced by an administration order. A company in administrative receivership is operated by an administrator (as interim chief executive with custodial responsibility for the company's assets and obligations) on behalf of its creditors. The administrator may recapitalize the business, sell the business to new owners, or demerge it into elements that can be sold and close the remainder. Most countries distinguish between voluntary (board-decided) and involuntary (court-decided) receivership. In voluntary administrative receivership, the administrator is appointed by the company directors. In involuntary administrative receivership, the administrator is appointed by a judicial court. The legal terms for these processes vary from country to country, and the processes may overlap.
Active Directory The objects held within a domain can be grouped into Organizational Units (OUs).[19] OUs can provide hierarchy to a domain, ease its administration, and can resemble the organization's structure in managerial or geographical terms. OUs can contain other OUsâ€”domains are containers in this sense. Microsoft recommends using OUs rather than domains for structure and to simplify the implementation of policies and administration. The OU is the recommended level at which to apply group policies, which are Active Directory objects formally named Group Policy Objects (GPOs), although policies can also be applied to domains or sites (see below). The OU is the level at which administrative powers are commonly delegated, but delegation can be performed on individual objects or attributes as well.