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COMPANIES ACT (NORTHERN IRELAND) 1960 - SECT 325

Special provisions as to statement submitted to receiver.

325.(1) Except where sub-section (2) of section three hundred and twenty-three
applies, every receiver or manager of the property of a company who has been
appointed under the powers contained in any instrument shall, within one
month, or such longer period as the registrar of companies may allow, after
the expiration of the period of six months from the date of his appointment
and of every subsequent period of six months, and within one month after he
ceases to act as receiver or manager, deliver to the registrar of companies
for registration an abstract in the prescribed form showing his receipts and
his payments during that period of six 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
amount of his receipts and of his payments during all preceding periods since
his appointment.

(2) Every receiver or manager who makes default in complying with this section
shall be liable to a fine not exceeding five pounds for every day during which
the default continues.

© 1960 Crown Copyright

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