அதிகாரப்பூர்வ மொழிபெயர்ப்புDepartment of Government Printing-இலிருந்து, மாற்றமின்றி
(1)
A person who-
(a)
obtains an order for the appointment of a receiver or a receiver and manager of a company’s property; or
(b)
appoints a receiver or a receiver and manager of a company’s property under the powers contained in an instrument, shall be required to register such appointment with the
Registrar within seven days of making such appointment.
(2)
A receiver or a receiver and manager of a company’s property appointed by virtue of an instrument and who ceases to act as such, shall be required to file an amendment statement.
(3)
A notice issued under this section shall be in the prescribed form and be issued in the prescribed manner.
(4)
A person who fails to comply with the requirements imposed by this section commits an offence and shall be liable on conviction before a Magistrate’s Court to a fine not exceeding one hundred thousand rupees.