Chapter: 32  COMPANIES ORDINANCE

Section Num: 301  Version Date 30/06/1997

Delivery to Registrar of accounts of receivers and managers

(1) Except where section 300A(2) applies, every receiver or manager of the property of a company who has been appointed under the powers contained in any instrument shall, within 1 month, or such longer period as the Registrar may allow, after the expiration of the period of 6 months from the date of his appointment and of every subsequent period of 6 months and within 1 month after he ceases to act as receiver or manager, deliver to the Registrar for registration an abstract in the specified form showing his receipts and his payments during that period of 6 months, or, where he ceases to act as aforesaid, during the period from the end of the period to which the last preceding abstract related up to the date of his so ceasing, and the aggregate amount of his receipts and of his payments during all preceding periods since his appointment.  (Amended 3 of 1997 s. 45)

(2) Any receiver or manager who makes default in complying with the provisions of this section shall be liable to a fine and, for continued default, to a daily default fine.  (Amended 7 of 1990 s. 2 )

(Amended 6 of 1984 s. 214)

[cf. 1929 c. 23 s. 310 U.K.]