98.
| (1) Where 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 powers contained in any instrument, he shall, within seven days from the date of the order or of the appointment under the said powers, give notice of the fact to the Registrar who shall, on payment of the prescribed fee, enter the fact in the register of charges. |
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| (2) Where any person appointed receiver or manager of the property of a company under the power contained In any instrument ceases to act as such receiver or manager, he shall, on so ceasing, give the Registrar notice to that effect, and the Registrar shall enter the notice in the register of charges. |
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| (3) Where any person makes default in complying with the requirements of this section he shall be guilty of an offence and shall be liable to a fine not exceeding two hundred and fifty rupees for every day during which the default continues. |
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Sri Lanka Consolidated Acts