Insolvency Act · 2022 Revised Edition · Part 3
21. Notification of appointment of receiver or manager
Official textFrom Attorney General's Chambers, unchanged
If any person —
obtains an order for the appointment of a receiver or manager of the property of a company or of the property in Brunei
Darussalam of any other corporation; or
appoints such a receiver or manager under any power contained in any instrument, he shall, within 7 days after he has obtained the order or made the appointment, lodge notice of the fact with the Registrar.
Where any person appointed as receiver or manager of the property of a company or such other corporation under the powers contained in any instrument ceases to act as such, he shall, within 7 days thereafter, lodge with the Registrar notice to that effect.
property
“property”, in relation to a company, includes money, goods, things in action and every description of property, whether real or personal, and whether in Brunei Darussalam or elsewhere, and also obligations and every description of interest whether present or future or vested or contingent arising out of, or incidental to, property.
A person who fails to comply with the requirements of this section is guilty of an offence and liable on conviction to a fine not exceeding $1,000, and, in the case of a continuing offence, with a further fine not exceeding $50 for every day or part thereof during which the offence continues after conviction.
Terms defined in s 3
company
Defined · s 3“company” means a company incorporated or registered under the Companies Act;
property
Defined · s 3“property”, in relation to a company, includes money, goods, things in action and every description of property, whether real or personal, and whether in Brunei Darussalam or elsewhere, and also obligations and every description of interest whether present or future or vested or contingent arising out of, or incidental to, property.
Part
Judicial Management
Part
Winding Up of Companies Registered Under Companies Act
Chapter I
Chapter II
Chapter III
Chapter IV
Chapter V
Chapter VI
Chapter VII
Chapter VIII
Chapter IX
Chapter X
Part