1923_COMPANIES_ORDINANCE__1911 — Page 63

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COMPANIES.

No. 58 of 1911.

2063

(10) The provisions of this section shall also apply to every mortgage or charge on any ship, launch, motor boat, or other vessel whatsoever, created after the 21st day of December, 1923.

of enforce-

c. 69, s. 94.

96. (1) If any person obtains an order for the appoint- Registration ment of à receiver or manager of the property of a company, ment of or appoints such a receiver or manager under any powers security. contained in any instrument, he shall, within seven days 8 Edw. 7, from the date of the order or of the appointment under the powers contained in the instrument, give notice of the fact to the Registrar of Companies, who shall, on payment of the prescribed fee, enter the fact in the register of mortgages and charges.

(2) Every person who makes default in complying with the requirements of this section shall be liable to a fine not exceeding fifty dollars for every day during which the default continues.

*

receivers and

8 7,

e. 69, s. 95.

97.-(1) Every receiver or manager of the property of a Filing of company who has been appointed under the powers con- accounts of tained in any instrument, and who has taken possession, managers. shall, once in every half-year while he remains in possession, Edw. 7 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 of Companies notice to that effect, and the Registrar of Companies 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 line not exceeding five hundred dollars.

of mortgages.

98. A judge, on being satisfied that the omission to Rectification register a mortgage or charge within the time herein before of register required, or that the omission or mis-statement of any 8 Edw. 7, particular with respect to any such mortgage or charge, was c. 69, s. 96. accidental, or due to inadvertence or to some other sufficient cause, or is not of a nature to prejudice the position of creditors or shareholders of the company, or that on other grounds it is just and equitable to grant relief, may, on the

* As amended by Law Rev. Ord., 1921.