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38 :(b) the survival of the electricity licensee, or the whole or part of its business for which it is authorised by its licence to carry on, as a going concern;
 * (c) the transfer to another company, or (as respects different parts of the area to which the electricity licensee’s licence relates, or different parts of its business or undertaking) to 2 or more different companies, as a going concern, of such of the electricity licensee’s undertakings as it is necessary to transfer in order to ensure that the functions and duties which have been vested in the electricity licensee by virtue of its licence may be properly carried out; or
 * (d) the carrying out of the functions and duties which have been vested in the electricity licensee pending the making of the transfer and the vesting of those functions and duties in other company or companies.

(3) The Minister may make regulations—
 * (a) for giving effect to this section and section 29, including regulations governing the transfer of the electricity licensee’s business or undertaking referred to in subsection (2) (c); and
 * (b) where a special administration order is made, for applying, omitting or modifying the provisions of Part VIIIA of the Companies Act (Cap. 50).

Power to make special administration order, etc.

29.—(1) If, on an application made to the Minister by the Authority, the Minister is satisfied in relation to any electricity licensee that any one or more of the grounds specified in subsection (2) are satisfied in relation to that electricity licensee, the Minister may make any one or more of the following orders:
 * (a) a special administration order in relation to that electricity licensee;
 * (b) an order requiring the electricity licensee immediately to take any action or to do or not to do any act or thing in relation to that part of its business or undertaking to which its electricity licence relates as the Minister may consider necessary; or
 * (c) an order appointing a person to advise the electricity licensee in the proper conduct of that part of its business or undertaking to which its electricity licence relates.