A 46
[Subsidiary]
Gazetting annulment of order already gazetted. R356.
G.N.A. 124/55.
Record of minutes, etc. R360.
Cash book.
R361.
Books to be submitted to committee of inspection.
R362.
Audit of cash book.
R363.
Form 145.
Official Receiver's audit of trustee's accounts.
R364.
CAP. 6]
Bankruptcy Rules
[1977 Ed.
186. Where an order which has been gazetted is annulled, revoked or rescinded, notice of the order of annulment, revocation or rescission shall be published in the Gazette. When the order is annulled, revoked or rescinded on the application of the Official Receiver or of the trustee, the fee for gazetting shall be paid out of the estate, but in any other case such fee shall be paid by the party making the application.
Accounts and audit
187. The Official Receiver until a trustee is appointed, and thereafter the trustee, shall keep a record of all minutes, all proceedings had and resolutions passed at any meeting of creditors or of the committee of inspection, and all such matters as may be necessary to give a correct view of his administration of the estate, but he shall not be bound to insert in the record any document of a confidential nature (such as the opinion of counsel on any matter affecting the interest of the creditors) nor need he exhibit such document to any person other than a member of the committee of inspection.
188. The Official Receiver until a trustee is appointed, and thereafter the trustee, shall keep a book to be called the "Cash Book" in which he shall (subject to the provisions of these rules as to trading accounts) enter the receipts and payments made by him.
189. The trustee shall submit the said record and cash book, together with any other requisite books and vouchers, to the committee of inspection (if any) when required, and not less than once every 3 months.
190. The committee of inspection shall not less than once every 3 months audit the cash book and certify therein under their hands the day on which the said book was audited.
191. (1) Every trustee shall, at the expiration of 6 months from the date of the receiving order and at the expiration of every succeeding 6 months thereafter until his release, transmit to the Official Receiver a copy of the cash book in duplicate for such period, together with the necessary vouchers and copies of the certificates of audit by the committee of inspection. He shall also forward with the first accounts a summary of the debtor's statement of affairs, showing thereon in red ink the amounts realized, and explaining the cause of the non-realization of such assets as may be unrealized.
(2) When the estate has been fully realized and distributed or if the adjudication is annulled, the trustee shall forthwith send in his accounts to the Official Receiver although the 6 months may not have expired.
A 46
[Subsidiary]
Gazetting annulment of order already gazetted. R356.
G.N.A. 124/55.
Record of minutes, etc. R360.
Cash book.
R361.
Books to be submitted to committee of inspection.
R362.
Audit of cash book.
R363.
Form 145.
Official
Receiver's audit of trustee's
accounts.
R364.
CAP. 6]
Bankruptcy Rules
[1977 Ed.
186. Where an order which has been gazetted is annulled, revoked or rescinded, notice of the order of annulment, revoca- tion or rescission shall be published in the Gazette. When the order is annulled, revoked or rescinded on the application of the Official Receiver or of the trustee, the fee for gazetting shall be paid out of the estate, but in any other case such fee shall be paid by the party making the application.
Accounts and audit
187. The Official Receiver until a trustee is appointed, and thereafter the trustee, shall keep a record of all minutes, all pro- ceedings had and resolutions passed at any meeting of creditors or of the committee of inspection, and all such matters as may be necessary to give a correct view of his administration of the estate, but he shall not be bound to insert in the record any docu- ment of a confidential nature (such as the opinion of counsel on any matter affecting the interest of the creditors) nor need he exhibit such document to any person other than a member of the committee of inspection.
188. The Official Receiver until a trustee is appointed, and thereafter the trustee, shall keep a book to be called the "Cash Book" in which he shall (subject to the provisions of these rules as to trading accounts) enter the receipts and payments made by him.
189. The trustee shall submit the said record and cash book, together with any other requisite books and vouchers, to the com- mittee of inspection (if any) when required, and not less than once every 3 months.
190. The committee of inspection shall not less than once every 3 months audit the cash book and certify therein under their hands the day on which the said book was audited.
191. (1) Every trustee shall, at the expiration of 6 months from the date of the receiving order and at the expiration of every succeeding 6 months thereafter until his release, transmit to the Official Receiver a copy of the cash book in duplicate for such period, together with the necessary vouchers and copies of the certificates of audit by the committee of inspection. He shall also forward with the first accounts a summary of the debtor's state- ment of affairs, showing thereon in red ink the amounts realized, and explaining the cause of the non-realization of such assets as may be unrealized.
(2) When the estate has been fully realized and distributed or if the adjudication is annulled, the trustee shall forthwith send in his accounts to the Official Receiver although the 6 months may not have expired.
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