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CAP. 32]
(6 of 1984.) [*31.8.84.]
Provisions as to information where receiver
or manager appointed.
1948 c. 38, s. 372.
Companies
(1984 Ed.
(3) This section shall apply whether the receiver or manager was appointed before or after the commencement* of the Companies (Amendment) Ordinance 1984, and to periods before, as well as to periods after, the commencement of that Ordinance. (Added, 6 of 1984, s. 212)
300A. (1) Where a receiver or manager of the whole or substantially the whole of the property of the company (in this section and in section 300B referred to as "the receiver") is appointed on behalf of the holders of any debentures of the company secured by a floating charge, then subject to the provisions of this section and section 300B-
(a) the receiver shall forthwith send to the company notice of his appointment in the prescribed form; and
(b) there shall, within 14 days after receipt of the notice, or such longer period as may be allowed by the court or by the receiver, be made out and submitted to the receiver in accordance with section 300B a statement in the prescribed form as to the affairs of the company; and
(c) the receiver shall within 2 months after receipt of the said statement send-
(i) to the Registrar and to the court, a copy of the statement and of any comments he sees fit to make thereon and in the case of the Registrar also a summary of the statement and of his comments (if any) thereon; and
(ii) to the company, a copy of any such comments as aforesaid or, if he does not see fit to make any comment, a notice to that effect; and
(iii) to any trustees for the debenture holders on whose behalf he was appointed and, so far as he is aware of their addresses, to all such debenture holders a copy of the said summary.
(2) The receiver shall within 2 months, or such longer period as the court may allow after the expiration of the period of 12 months from the date of his appointment and of every subsequent period of 12 months, and within 2 months or such longer period as the court may allow after he ceases to act as receiver or manager of the property of the company, send to the Registrar, to any trustees for the debenture holders of the company on whose behalf he was appointed, to the company and (so far as he is aware of their addresses) to all such debenture holders an abstract in the prescribed form showing his receipts and payments during that period of 12 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 amounts of his receipts and of his payments during all preceding periods since his appointment.
(3) Where the receiver is appointed under the powers contained in any instrument, this section shall have effect----