Enforcement of receiver duties: failure to submit accounts permits attachment, sale, recovery measures and remuneration penalties. Where a receiver fails to submit accounts as directed, the Tax Recovery Officer may attach the receiver's property until accounts are produced, enquire into amounts due or losses caused by wilful default or gross negligence, and order payment within a fixed period. Unpaid amounts may be recovered from security or by attachment and sale of the receiver's property, with sale proceeds applied to satisfy amounts found due and any balance returned to the receiver. The Officer may disallow remuneration for defaults and charge interest on improperly retained funds.
Cases where this provision is explicitly mentioned in the judgment/order text; may not be exhaustive. To view the complete list of cases mentioning this section, Click here.
Provisions expressly mentioned in the judgment/order text.
Enforcement of receiver duties: failure to submit accounts permits attachment, sale, recovery measures and remuneration penalties.
Where a receiver fails to submit accounts as directed, the Tax Recovery Officer may attach the receiver's property until accounts are produced, enquire into amounts due or losses caused by wilful default or gross negligence, and order payment within a fixed period. Unpaid amounts may be recovered from security or by attachment and sale of the receiver's property, with sale proceeds applied to satisfy amounts found due and any balance returned to the receiver. The Officer may disallow remuneration for defaults and charge interest on improperly retained funds.
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