(a)
Page 38 of Annex À
among such of those who held property which has been
realised under this Ordinance; and
(b) in such proportions,
as the High Court may direct after giving a reasonable opportunity
for such persons to make representations to the High Court.
(3)
(4) Any sums paid to the Registrar under subsection (1) or
otherwise in satisfaction of an external confiscation order shall be
first applied to pay any expenses incurred by a person acting as an
insolvency officer and payable under section 18 (2) but not already
paid under subsection (1).
(5) If the sum was paid to the Registrar by a receiver
appointed under section 10 or 12 or in pursuance of a charging order
the Registrar shall next pay the receiver's remuneration and
expenses.
(6) After making
(a) any payment required by subsection (4); and
(b)
in a case to which subsection (5) applies, any
payment required by that subsection,
the Registrar shall reimburse any amount paid under section 19 (2).
(7) Any balance in the hands of the Registrar after he has
made all payments required by the foregoing subsections shall be
disposed of under section 93 of the Interpretation and General
Clauses Ordinance (Cap. 1) as if it were a fine imposed under the
authority of an Ordinance.
14.
Exercise of powers by High Court or receiver
(1) The following subsections apply to the powers conferred on
the High Court by sections 10 to 13, or on a receiver appointed
under section 10 or 12 or in pursuance of a charging order.
Page 195Page 196
No comments yet.
Private notes are available after approval.