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Amendment of section 319 of Act of 1963.
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52.—Section 319 of the Act of 1963 is amended—
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(a) by the insertion of the following after subsection (2):
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“(2A) Where a receiver ceases to act as receiver of the property of the company, the abstract under subsection (2) shall be accompanied by a statement from the receiver of his opinion as to whether or not the company is solvent and the registrar shall, on receiving the statement, forward a copy of it to the Director.”,
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and
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(b) by the substitution of the following for subsection (7):
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“(7) Where the registrar of companies becomes aware of the appointment of a receiver under this section, he shall forthwith inform the Director of the appointment.
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(8) If the receiver makes default in complying with this section, he shall be guilty of an offence.”.
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