38 Receivership accounts to be delivered to registrar
38 Receivership accounts to be delivered to registrar

(1)     Except in the case of an administrative receiver, every receiver or manager of a company's property who has been appointed under powers contained in an instrument shall deliver to the registrar of companies for registration the requisite accounts of his receipts and payments.

(2)     The accounts shall be delivered within one month (or such longer period as the registrar may allow) after the expiration of 12 months from the date of his appointment and of every subsequent period of 6 months, and also within one month after he ceases to act as receiver or manager.

(3)     The requisite accounts shall be an abstract in the prescribed form showing—

(a)     receipts and payments during the relevant period of 12 or 6 months, or

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