(1) The appointment of a receiver by the holder of the floating charge under section 51(1) shall be by means of [an instrument subscribed in accordance with the Requirements of Writing (Scotland) Act 1995] (“the instrument of appointment”), a copy (certified in the prescribed manner to be a correct copy) whereof shall be delivered by or on behalf of the person making the appointment to the registrar of companies for registration within 7 days of its execution and shall be accompanied by a notice in the prescribed form.
(2) If any person without reasonable excuse makes default in complying
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