How does one appoint a Receiver or Receiver and Manager?

Question

Answer

Section 374 of the Companies Act 2016 states that  the power to appoint could be made under:

a.      Any instrument that confers on a debenture holder or charge holder;

b.      Any instrument that creates a charge in respect of property and undertaking of a company confers on the charge holder; or

c.       By the Court.

 

Alex Chiang

Alex Chiang

Director – Malaysia & Singapore Offices

+60 12 377 5381
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