Official Receiver is the officer appointed by the court to act in Bankruptcy and in the winding up of Companies. According to section 178(1) of Cap. 212, official receiver in matters relating to winding up of companies by Court means the officer appointed for bankruptcy purposes.
*And Receiver Manager is the person who is appointed to manage the business of the company which is no longer carrying on business profitably.
0 Comments
PLACE YOUR COMMENT HERE
WARNING: DO NOT USE ABUSIVE LANGUAGE BECAUSE IT IS AGAINST THE LAW.
THE COMMENTS OF OUR READERS IS NOT OUR RESPONSIBILITY.