Receiver

manager, court and special

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" (2) If any person makes default in com plying with the requirements of this Section he shall be liable to a fine not exceeding five pounds for every day during which the default continues.

" 95. (1) Every receiver or manager of the property of a company who has been appointed under the powers contained in any instrument, and who has taken possession, shall, once in every half-year while he remains in possession, and also on ceasing to act as receiver or manager, file with the registrar of companies an abstract in the prescribed form of his receipts and payments during the period to which the abstract relates, and shall also on ceasing to act as receiver or manager file with the registrar notice to that effect, and the registrar shall enter the notice in the register of mortgages and charges.

" (2) Every receiver or manager who makes default in complying with the provisions of this Section shall be liable to a fine not exceeding fifty pounds." Power in England to A ppoint Special Manager " 161. (1) \There the official receiver be comes the liquidator of a company, whether provisionally or otherwise, he may, if satisfied that the nature of the estate or business of the com pany, or the interests of the creditors or contributories generally, require the appointment of a special man ager of the estate or business of the company other than himself, apply to the Court to, and the Court may on such application, appoint a special manager thereof to act during such time as the Court may direct, with such powers, including any of the powers of a receiver or manager, as may be entrusted to him by the Court.

" (2) The special manager shall give such security and account in such manner as the Board of Trade direct.

" (3) The special manager shall receive such remuneration as may be fixed by the Court.

Power in England to Appoint Official Re ceive). as Receiver for Debenture Holders or Creditors.

"162. Where an application is made to the Court to appoint a receiver on behalf of the debenture holders or other creditors of a company which is being wound up by the Court in England, the official receiver may be so appointed." (See COMPANIES, MORT GAGE, OFFICL‘L RECEIVER, WINDING UP.)

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