1977 Ed.]

Bankruptcy Rules

[CAP. 6

A 45

180. Where the Official Receiver is of opinion that any act done by a trustee or any resolution passed by a committee of inspection should be brought to the notice of the creditors, for the purpose of being reviewed or otherwise, the Official Receiver may summon a meeting of creditors accordingly to consider the same, and the expense of summoning such meeting shall be paid by the trustee out of any available assets under his control.

Special manager

[Subsidiary]

Meetings of creditors to consider conduct of trustee.

R.350.

181. Where a special manager is appointed, he shall be paid such remuneration as is provided by the scale of allowances contained in Table C of the Bankruptcy (Fees and Percentages) Order.

182. Every special manager shall account to the Official Receiver, and such special manager's accounts shall be verified by affidavit in the prescribed form, and, when approved by the Official Receiver, the totals of the receipts and payments shall be added to the Official Receiver's accounts.

Remuneration of special manager. (Cap. 6, sub. leg.)

Accounts. R352.

Form 151. G.N.A. 124/55.

Security by trustee or special manager

183. In the case of a trustee or special manager the following Standing rules as to security shall be observed-

(a) the security shall be given to the Registrar;

security to Registrar. R353.

(b) it shall not be necessary that security be given in each separate matter, but security may be given either specially in a particular matter or generally to be available for any matter in which the person giving security may be appointed either as trustee or special manager;

(c) the Official Receiver shall fix the amount and nature of such security and may from time to time, as he thinks fit, either increase or diminish the amount of special or general security which any person has given.

Gazetting

184. All notices requiring publication in the Gazette shall be gazetted by the Official Receiver or trustee, as the case may be.

185. Where any receiving order is amended, and also in any case in which any matter which has been gazetted has been amended or altered or in which a matter has been wrongly or inaccurately gazetted, the Official Receiver or trustee shall re-gazette such order or matter with the necessary amendments and alterations in the prescribed form, at the expense of the estate.

Gazetting notices. R354.

Re-gazetting.

R355.

Page 45

Share This Page