Section 231 CAMA 2020

Registration of appointment order, etc.

(1) If any person obtains an order for the appointment of a receiver or manager of the property of a company, or appoints such a receiver or manager under any power contained in any instrument, he shall, within seven days from the date of the order or the appointment under the said powers, give notice of
the fact to the Commission and the Commission shall, on payment of such fee as may be specified by regulations, enter the fact in the register of charges.

(2) Where a person appointed receiver or manager of the property of a company under the powers contained in any instrument, ceases to act as such receiver or manager, he shall, on so ceasing, give the Commission notice to that effect, and the Commission shall enter the notice in the register of charges.

(3) If any person makes default in complying with the requirements of this section, he is liable to such penalty as the Commission shall specify by regulation.