ACT 125
COMPANIES ACT 1965 (REVISED - 1973)
PART VIII - RECEIVERS AND MANAGERS

 
Section 186. Notification of appointment of receiver.
 
Section 186. Notification of appointment of receiver. (COMPANIES ACT 1965 (REVISED - 1973) - ACT 125) (1) If any person obtains an order for the appointment of a receiver or manager of the property of a company or of the property within Malaysia of any other corporation, or appoints such a receiver or manager under any powers contained in any instrument, he shall, within seven days after he has obtained the order or made the appointment, lodge notice of the fact with the Registrar.

(2) Where any person appointed receiver or manager of the property of a company or other corporation under the powers contained in any instrument ceases to act as such he shall, within seven days thereafter lodge with the Registrar notice to that effect.

(3) Every person who makes default in complying with the requirements of this section shall be guilty of an offence against this Act.

Penalty : One thousand ringgit. Default penalty.