Document ID: chunk:federal_register_of_legislation:C2004A02825:body:0:p82
Version: federal_register_of_legislation:C2004A02825
Segment Type: other
Provision Reference: 
Character Range: 202093–204698

corresponding provision of a previous law of the Territory;
     (b) in relation to a registered foreign company—a person who is, or has at any time been, an agent of the registered foreign company as defined in Division 5 of Part XIII or in the corresponding provisions of a previous law of the Territory; and
     (c) a person who acts, or has at any time acted, as banker, solicitor, auditor or in any other capacity for the company or registered foreign company.

Supervision of receivers
"324e. (1) If—
     (a) it appears to the Court or to the Commission that a receiver of property of a corporation has not faithfully performed or is not faithfully performing his duties or has not observed or is not observing—
          (i) a requirement of the order by which, or the instrument under which, he was appointed;
          (ii) a requirement of the Court; or
          (iii) a requirement of this Act, of the regulations or of the rules; or

     (b) a complaint is made to the Court or to the Commission by any person with respect to the conduct of a receiver of property of a corporation in connection with the performance of his duties,
the Court or the Commission, as the case may be, may inquire into the matter and, where the Court or Commission so inquires, the Court may take such action as it thinks fit.
"(2) The Commission may report to the Court any matter that in its opinion is a misfeasance, neglect or omission on the part of the receiver and the Court may order the receiver to make good any loss that the estate of the corporation has sustained thereby and may make such other order or orders as it thinks fit.
"(3) The Court may at any time require a receiver of property of a corporation to answer any inquiry in relation to the performance of his duties as receiver and may examine him or any other person on oath or affirmation concerning the performance of the receiver's duties and may direct an investigation to be made of the books of the receiver.

Receiver may apply to Court
"324f. A receiver of property of a company or registered foreign company appointed under the powers contained in any instrument may apply to the Court for directions in relation to any matter arising in connection with the performance of his functions.".

Power of Court to fix remuneration of receivers
94. Section 325 of the Principal Act is amended—
     (a) by inserting in sub-section (1) "or registered foreign company" after "company" (first occurring); and
     (b) by omitting from sub-section (1) "the property or part of the property of the company" and substituting "property of the