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Section 478

Receiver

of Companies Act 2016

ActIn forceProvision 478 of 768
Section 478

(a)

shall not act as such until he has given—

460

(i)

written notice of his appointment to the Registrar and the Official Receiver; and

(ii)

security in the prescribed manner to the satisfaction of the Official Receiver; and

(b)

shall give the Official Receiver such information and such access to and facilities for inspecting the books of the company, and any assistance as may be required for enabling that officer to perform his duties under this Act.

(2)

If two or more liquidators are appointed by the Court, unless the

Court expressly provides otherwise—

(a)

the functions or the powers of the liquidators may be performed or exercised by any one of them or by both or all of them jointly; and

(b)

a reference to the liquidator shall be a reference to any one of the liquidators.

(3)

Subject to this Act, the act of a liquidator shall be valid notwithstanding any defects that may afterwards be discovered in his appointment or qualification.