{\rtf1\ansi\ansicpg1252\uc1\deff0\stshfdbch0\stshfloch0\stshfhich0\stshfbi0\deflang1033\deflangfe1033{\fonttbl{\f0\froman\fcharset0\fprq2{\*\panose 02020603050405020304}Times New Roman{\*\falt Times New Roman};} {\f448\froman\fcharset238\fprq2 Times New Roman CE{\*\falt Times New Roman};}{\f449\froman\fcharset204\fprq2 Times New Roman Cyr{\*\falt Times New Roman};}{\f451\froman\fcharset161\fprq2 Times New Roman Greek{\*\falt Times New Roman};} {\f452\froman\fcharset162\fprq2 Times New Roman Tur{\*\falt Times New Roman};}{\f453\froman\fcharset177\fprq2 Times New Roman (Hebrew){\*\falt Times New Roman};}{\f454\froman\fcharset178\fprq2 Times New Roman (Arabic){\*\falt Times New Roman};} {\f455\froman\fcharset186\fprq2 Times New Roman Baltic{\*\falt Times New Roman};}{\f456\froman\fcharset163\fprq2 Times New Roman (Vietnamese){\*\falt Times New Roman};}}{\colortbl;\red0\green0\blue0;\red0\green0\blue255;\red0\green255\blue255; \red0\green255\blue0;\red255\green0\blue255;\red255\green0\blue0;\red255\green255\blue0;\red255\green255\blue255;\red0\green0\blue128;\red0\green128\blue128;\red0\green128\blue0;\red128\green0\blue128;\red128\green0\blue0;\red128\green128\blue0; \red128\green128\blue128;\red192\green192\blue192;}{\stylesheet{\ql \li0\ri0\widctlpar\aspalpha\aspnum\faauto\adjustright\rin0\lin0\itap0 \fs20\cf1\lang5129\langfe5129\cgrid\langnp5129\langfenp5129 \snext0 Normal;}{\*\cs10 \additive \ssemihidden Default Paragraph Font;}{\*\ts11\tsrowd\trftsWidthB3\trpaddl108\trpaddr108\trpaddfl3\trpaddft3\trpaddfb3\trpaddfr3\tscellwidthfts0\tsvertalt\tsbrdrt\tsbrdrl\tsbrdrb\tsbrdrr\tsbrdrdgl\tsbrdrdgr\tsbrdrh\tsbrdrv \ql \li0\ri0\widctlpar\aspalpha\aspnum\faauto\adjustright\rin0\lin0\itap0 \fs20\lang1024\langfe1024\cgrid\langnp1024\langfenp1024 \snext11 \ssemihidden Normal Table;}}{\*\listtable{\list\listtemplateid-1304141308\listhybrid{\listlevel\levelnfc4\levelnfcn4 \leveljc0\leveljcn0\levelfollow0\levelstartat1\levelspace0\levelindent0{\leveltext\leveltemplateid-63941074\'03(\'00);}{\levelnumbers\'02;}\fbias0 \fi-360\li1800\jclisttab\tx1800\lin1800 }{\listlevel\levelnfc4\levelnfcn4\leveljc0\leveljcn0\levelfollow0 \levelstartat1\levelspace0\levelindent0{\leveltext\leveltemplateid336134169\'02\'01.;}{\levelnumbers\'01;}\fi-360\li2520\jclisttab\tx2520\lin2520 }{\listlevel\levelnfc2\levelnfcn2\leveljc2\leveljcn2\levelfollow0\levelstartat1\levelspace0\levelindent0 {\leveltext\leveltemplateid336134171\'02\'02.;}{\levelnumbers\'01;}\fi-180\li3240\jclisttab\tx3240\lin3240 }{\listlevel\levelnfc0\levelnfcn0\leveljc0\leveljcn0\levelfollow0\levelstartat1\levelspace0\levelindent0{\leveltext\leveltemplateid336134159 \'02\'03.;}{\levelnumbers\'01;}\fi-360\li3960\jclisttab\tx3960\lin3960 }{\listlevel\levelnfc4\levelnfcn4\leveljc0\leveljcn0\levelfollow0\levelstartat1\levelspace0\levelindent0{\leveltext\leveltemplateid336134169\'02\'04.;}{\levelnumbers\'01;} \fi-360\li4680\jclisttab\tx4680\lin4680 }{\listlevel\levelnfc2\levelnfcn2\leveljc2\leveljcn2\levelfollow0\levelstartat1\levelspace0\levelindent0{\leveltext\leveltemplateid336134171\'02\'05.;}{\levelnumbers\'01;}\fi-180\li5400\jclisttab\tx5400\lin5400 } {\listlevel\levelnfc0\levelnfcn0\leveljc0\leveljcn0\levelfollow0\levelstartat1\levelspace0\levelindent0{\leveltext\leveltemplateid336134159\'02\'06.;}{\levelnumbers\'01;}\fi-360\li6120\jclisttab\tx6120\lin6120 }{\listlevel\levelnfc4\levelnfcn4\leveljc0 \leveljcn0\levelfollow0\levelstartat1\levelspace0\levelindent0{\leveltext\leveltemplateid336134169\'02\'07.;}{\levelnumbers\'01;}\fi-360\li6840\jclisttab\tx6840\lin6840 }{\listlevel\levelnfc2\levelnfcn2\leveljc2\leveljcn2\levelfollow0\levelstartat1 \levelspace0\levelindent0{\leveltext\leveltemplateid336134171\'02\'08.;}{\levelnumbers\'01;}\fi-180\li7560\jclisttab\tx7560\lin7560 }{\listname ;}\listid1247224764}{\list\listtemplateid-1952386690\listhybrid{\listlevel\levelnfc4\levelnfcn4\leveljc0 \leveljcn0\levelfollow0\levelstartat1\levelspace0\levelindent0{\leveltext\leveltemplateid1868095372\'03(\'00);}{\levelnumbers\'02;}\fbias0 \fi-360\li1440\jclisttab\tx1440\lin1440 }{\listlevel\levelnfc4\levelnfcn4\leveljc0\leveljcn0\levelfollow0 \levelstartat1\levelspace0\levelindent0{\leveltext\leveltemplateid336134169\'02\'01.;}{\levelnumbers\'01;}\fi-360\li2160\jclisttab\tx2160\lin2160 }{\listlevel\levelnfc2\levelnfcn2\leveljc2\leveljcn2\levelfollow0\levelstartat1\levelspace0\levelindent0 {\leveltext\leveltemplateid336134171\'02\'02.;}{\levelnumbers\'01;}\fi-180\li2880\jclisttab\tx2880\lin2880 }{\listlevel\levelnfc0\levelnfcn0\leveljc0\leveljcn0\levelfollow0\levelstartat1\levelspace0\levelindent0{\leveltext\leveltemplateid336134159 \'02\'03.;}{\levelnumbers\'01;}\fi-360\li3600\jclisttab\tx3600\lin3600 }{\listlevel\levelnfc4\levelnfcn4\leveljc0\leveljcn0\levelfollow0\levelstartat1\levelspace0\levelindent0{\leveltext\leveltemplateid336134169\'02\'04.;}{\levelnumbers\'01;} \fi-360\li4320\jclisttab\tx4320\lin4320 }{\listlevel\levelnfc2\levelnfcn2\leveljc2\leveljcn2\levelfollow0\levelstartat1\levelspace0\levelindent0{\leveltext\leveltemplateid336134171\'02\'05.;}{\levelnumbers\'01;}\fi-180\li5040\jclisttab\tx5040\lin5040 } {\listlevel\levelnfc0\levelnfcn0\leveljc0\leveljcn0\levelfollow0\levelstartat1\levelspace0\levelindent0{\leveltext\leveltemplateid336134159\'02\'06.;}{\levelnumbers\'01;}\fi-360\li5760\jclisttab\tx5760\lin5760 }{\listlevel\levelnfc4\levelnfcn4\leveljc0 \leveljcn0\levelfollow0\levelstartat1\levelspace0\levelindent0{\leveltext\leveltemplateid336134169\'02\'07.;}{\levelnumbers\'01;}\fi-360\li6480\jclisttab\tx6480\lin6480 }{\listlevel\levelnfc2\levelnfcn2\leveljc2\leveljcn2\levelfollow0\levelstartat1 \levelspace0\levelindent0{\leveltext\leveltemplateid336134171\'02\'08.;}{\levelnumbers\'01;}\fi-180\li7200\jclisttab\tx7200\lin7200 }{\listname ;}\listid1618758541}}{\*\listoverridetable{\listoverride\listid1247224764\listoverridecount0\ls1} {\listoverride\listid1618758541\listoverridecount0\ls2}}{\*\rsidtbl \rsid1191822\rsid1787673\rsid2298215\rsid3679932\rsid4009350\rsid9650426\rsid9663744\rsid10237525\rsid13460571\rsid14383742\rsid15165630}{\*\generator Microsoft Word 10.0.6764;}{\info {\title COOK ISLANDS}{\author operator}{\operator blake_r}{\creatim\yr2003\mo9\dy15\hr8\min35}{\revtim\yr2006\mo2\dy7\hr15\min55}{\version4}{\edmins2}{\nofpages3}{\nofwords749}{\nofchars4270}{\*\company USP}{\nofcharsws5009}{\vern16391}} \margl1440\margr1440 \widowctrl\ftnbj\aenddoc\noxlattoyen\expshrtn\noultrlspc\dntblnsbdb\nospaceforul\hyphcaps0\formshade\horzdoc\dghspace0\dgvspace0\dghorigin0\dgvorigin0\dghshow0\dgvshow0 \jexpand\viewkind4\viewscale100\pgbrdrhead\pgbrdrfoot\nolnhtadjtbl\rsidroot4009350 \donotshowmarkup1\fet0\sectd \linex0\headery360\footery360\endnhere\sectdefaultcl\sftnbj {\*\pnseclvl1\pnucrm\pnstart1\pnindent720\pnhang {\pntxta .}}{\*\pnseclvl2 \pnucltr\pnstart1\pnindent720\pnhang {\pntxta .}}{\*\pnseclvl3\pndec\pnstart1\pnindent720\pnhang {\pntxta .}}{\*\pnseclvl4\pnlcltr\pnstart1\pnindent720\pnhang {\pntxta )}}{\*\pnseclvl5\pndec\pnstart1\pnindent720\pnhang {\pntxtb (}{\pntxta )}}{\*\pnseclvl6 \pnlcltr\pnstart1\pnindent720\pnhang {\pntxtb (}{\pntxta )}}{\*\pnseclvl7\pnlcrm\pnstart1\pnindent720\pnhang {\pntxtb (}{\pntxta )}}{\*\pnseclvl8\pnlcltr\pnstart1\pnindent720\pnhang {\pntxtb (}{\pntxta )}}{\*\pnseclvl9\pnlcrm\pnstart1\pnindent720\pnhang {\pntxtb (}{\pntxta )}}\pard\plain \qc \li0\ri0\widctlpar\aspalpha\aspnum\faauto\adjustright\rin0\lin0\itap0\pararsid4009350 \fs20\cf1\lang5129\langfe5129\cgrid\langnp5129\langfenp5129 {\b\fs24\lang2057\langfe5129\langnp2057\insrsid4009350 COOK ISLANDS \par }\pard \ql \li0\ri0\widctlpar\aspalpha\aspnum\faauto\adjustright\rin0\lin0\itap0\pararsid14383742 {\fs24\lang2057\langfe5129\langnp2057\insrsid4009350\charrsid14383742 \par }\pard \qc \li0\ri0\widctlpar\aspalpha\aspnum\faauto\adjustright\rin0\lin0\itap0\pararsid4009350 {\b\fs24\lang2057\langfe5129\langnp2057\insrsid2298215 COMPANIES AMENDMENT ACT}{\b\fs24\lang2057\langfe5129\langnp2057\insrsid9663744 }{ \b\fs24\lang2057\langfe5129\langnp2057\insrsid15165630 1993}{\b\fs24\lang2057\langfe5129\langnp2057\insrsid4009350\charrsid4009350 \par }\pard \ql \li0\ri0\widctlpar\aspalpha\aspnum\faauto\adjustright\rin0\lin0\itap0 {\fs24\lang2057\langfe5129\langnp2057\insrsid4009350 \par }{\fs24\lang2057\langfe5129\langnp2057\insrsid13460571\charrsid4009350 Title}{\fs24\lang2057\langfe5129\langnp2057\insrsid13460571 \par }{\fs24\lang2057\langfe5129\langnp2057\insrsid3679932\charrsid4009350 \par }{\fs24\lang2057\langfe5129\langnp2057\insrsid1787673 1. }{\fs24\lang2057\langfe5129\langnp2057\insrsid14383742 Short t}{\fs24\lang2057\langfe5129\langnp2057\insrsid13460571\charrsid4009350 itle \par }{\fs24\lang2057\langfe5129\langnp2057\insrsid1787673 2. }{\fs24\lang2057\langfe5129\langnp2057\insrsid13460571\charrsid4009350 Notice that receiver or manager appointed or has ceased to act \par 3.}{\fs24\lang2057\langfe5129\langnp2057\insrsid4009350 }{\fs24\lang2057\langfe5129\langnp2057\insrsid13460571\charrsid4009350 Court may determine or limit receivership on application of liquidator}{\fs24\lang2057\langfe5129\langnp2057\insrsid13460571 \par }{\fs24\lang2057\langfe5129\langnp2057\insrsid2298215\charrsid4009350 \par }\pard \qc \li0\ri0\widctlpar\aspalpha\aspnum\faauto\adjustright\rin0\lin0\itap0\pararsid1787673 {\fs24\lang2057\langfe5129\langnp2057\insrsid1787673 --------------------------------------------------------- \par }\pard \ql \li0\ri0\widctlpar\aspalpha\aspnum\faauto\adjustright\rin0\lin0\itap0\pararsid14383742 {\fs24\lang2057\langfe5129\langnp2057\insrsid1787673 \par }\pard \qc \li0\ri0\widctlpar\aspalpha\aspnum\faauto\adjustright\rin0\lin0\itap0\pararsid1787673 {\b\fs24\lang2057\langfe5129\langnp2057\insrsid13460571\charrsid1787673 1993, No. 1}{\b\fs24\lang2057\langfe5129\langnp2057\insrsid13460571 \par }\pard \ql \li0\ri0\widctlpar\aspalpha\aspnum\faauto\adjustright\rin0\lin0\itap0\pararsid14383742 {\b\fs24\ul\lang2057\langfe5129\langnp2057\insrsid1787673\charrsid1787673 \par }\pard \ql \li720\ri0\widctlpar\aspalpha\aspnum\faauto\adjustright\rin0\lin720\itap0\pararsid15165630 {\fs24\ul\lang2057\langfe5129\langnp2057\insrsid13460571\charrsid1787673 An Act to amend the Companies Act 1955 of New Zealand (as applied to the Cook Islands by the Com}{\fs24\ul\lang2057\langfe5129\langnp2057\insrsid1787673\charrsid1787673 pa}{\fs24\ul\lang2057\langfe5129\langnp2057\insrsid13460571\charrsid1787673 nies Act 1970}{\fs24\ul\lang2057\langfe5129\langnp2057\insrsid4009350\charrsid1787673 -}{\fs24\ul\lang2057\langfe5129\langnp2057\insrsid13460571\charrsid1787673 71}{\fs24\ul\lang2057\langfe5129\langnp2057\insrsid1787673\charrsid1787673 )}{ \fs24\ul\lang2057\langfe5129\langnp2057\insrsid1787673 \par }\pard \ql \li0\ri0\widctlpar\aspalpha\aspnum\faauto\adjustright\rin0\lin0\itap0 {\fs24\ul\lang2057\langfe5129\langnp2057\insrsid14383742\charrsid1787673 \par }\pard \qr \li0\ri0\widctlpar\aspalpha\aspnum\faauto\adjustright\rin0\lin0\itap0\pararsid1787673 {\i\fs24\lang2057\langfe5129\langnp2057\insrsid13460571\charrsid15165630 (18 August 1993 \par }\pard \ql \li0\ri0\widctlpar\aspalpha\aspnum\faauto\adjustright\rin0\lin0\itap0\pararsid1787673 {\fs24\lang2057\langfe5129\langnp2057\insrsid1787673\charrsid4009350 \par }\pard \ql \li0\ri0\widctlpar\aspalpha\aspnum\faauto\adjustright\rin0\lin0\itap0 {\b\fs24\lang2057\langfe5129\langnp2057\insrsid1787673\charrsid9663744 BE IT}{\b\fs24\lang2057\langfe5129\langnp2057\insrsid13460571\charrsid9663744 ENACTED}{ \fs24\lang2057\langfe5129\langnp2057\insrsid13460571\charrsid4009350 by the Parliament of the Cook Islands in Session assembled, and by the authority of the same, as follows:}{\fs24\lang2057\langfe5129\langnp2057\insrsid13460571 \par }{\fs24\lang2057\langfe5129\langnp2057\insrsid1787673\charrsid4009350 \par }{\fs24\lang2057\langfe5129\langnp2057\insrsid13460571\charrsid4009350 1. }{\fs24\ul\lang2057\langfe5129\langnp2057\insrsid13460571\charrsid1787673 Short Title}{\fs24\lang2057\langfe5129\langnp2057\insrsid13460571\charrsid4009350 }{ \fs24\lang2057\langfe5129\langnp2057\insrsid4009350 -}{\fs24\lang2057\langfe5129\langnp2057\insrsid13460571\charrsid4009350 (1) This Act may be cited }{\fs24\lang2057\langfe5129\langnp2057\insrsid3679932 as the Companies Amendment Act 1}{ \fs24\lang2057\langfe5129\langnp2057\insrsid13460571\charrsid4009350 993 and shall be read together with an d deemed part of the Companies Act 1955 (an enactment of the General Assembly of New Zealand) as applied in the Cook Islands by the Companies Act 1970}{\fs24\lang2057\langfe5129\langnp2057\insrsid4009350 -}{ \fs24\lang2057\langfe5129\langnp2057\insrsid1787673 71 (hereinafter referred to as }{\fs24\lang2057\langfe5129\langnp2057\insrsid14383742 "}{\fs24\lang2057\langfe5129\langnp2057\insrsid13460571\charrsid4009350 the princip}{ \fs24\lang2057\langfe5129\langnp2057\insrsid1787673 al Act}{\fs24\lang2057\langfe5129\langnp2057\insrsid14383742 "}{\fs24\lang2057\langfe5129\langnp2057\insrsid13460571\charrsid4009350 ).}{\fs24\lang2057\langfe5129\langnp2057\insrsid13460571 \par }{\fs24\lang2057\langfe5129\langnp2057\insrsid1787673\charrsid4009350 \par }{\fs24\lang2057\langfe5129\langnp2057\insrsid13460571\charrsid4009350 2.}{\fs24\lang2057\langfe5129\langnp2057\insrsid4009350 }{\fs24\ul\lang2057\langfe5129\langnp2057\insrsid13460571\charrsid1787673 Notice that receiver or manager appointed or has ceased to act}{\fs24\lang2057\langfe5129\langnp2057\insrsid13460571\charrsid4009350 }{\fs24\lang2057\langfe5129\langnp2057\insrsid4009350 -}{\fs24\lang2057\langfe5129\langnp2057\insrsid13460571\charrsid4009350 The principal Act is amended by repealing section 346, and substituting the following new section }{\fs24\lang2057\langfe5129\langnp2057\insrsid15165630 -}{\fs24\lang2057\langfe5129\langnp2057\insrsid13460571 \par }{\fs24\lang2057\langfe5129\langnp2057\insrsid1787673\charrsid4009350 \par }\pard \ql \li720\ri0\widctlpar\aspalpha\aspnum\faauto\adjustright\rin0\lin720\itap0\pararsid1787673 {\fs24\lang2057\langfe5129\langnp2057\insrsid14383742 "}{\fs24\lang2057\langfe5129\langnp2057\insrsid13460571\charrsid4009350 346. }{ \fs24\ul\lang2057\langfe5129\langnp2057\insrsid13460571\charrsid3679932 Notice that receiver or manager appointed or has ceased to act}{\fs24\lang2057\langfe5129\langnp2057\insrsid13460571\charrsid4009350 }{ \fs24\lang2057\langfe5129\langnp2057\insrsid4009350 -}{\fs24\lang2057\langfe5129\langnp2057\insrsid13460571\charrsid4009350 (1) Any person who obtains an order for, the appointment of a receiver or manager of the property of a company or of the Cook Islands property of an overseas company, or who appoints such a receiver or manager under any powers contained in any instrument, shall ensure that written notice (signed by him or his agent) of the fact is }{\fs24\lang2057\langfe5129\langnp2057\insrsid15165630 -}{\fs24\lang2057\langfe5129\langnp2057\insrsid13460571 \par }\pard \ql \li0\ri0\widctlpar\aspalpha\aspnum\faauto\adjustright\rin0\lin0\itap0\pararsid1787673 {\fs24\lang2057\langfe5129\langnp2057\insrsid1787673\charrsid4009350 \par }\pard \ql \li1440\ri0\widctlpar\aspalpha\aspnum\faauto\adjustright\rin0\lin1440\itap0\pararsid15165630 {\fs24\lang2057\langfe5129\langnp2057\insrsid15165630 (a) }{\fs24\lang2057\langfe5129\langnp2057\insrsid13460571\charrsid4009350 forthwith advertised in 2 issues of a newspaper circulating daily in Rarotonga; and}{\fs24\lang2057\langfe5129\langnp2057\insrsid1787673 \par }\pard \ql \li0\ri0\widctlpar\aspalpha\aspnum\faauto\adjustright\rin0\lin0\itap0\pararsid15165630 {\fs24\lang2057\langfe5129\langnp2057\insrsid3679932 \par }\pard \ql \li1440\ri0\widctlpar\aspalpha\aspnum\faauto\adjustright\rin0\lin1440\itap0\pararsid15165630 {\fs24\lang2057\langfe5129\langnp2057\insrsid15165630 (b) }{\fs24\lang2057\langfe5129\langnp2057\insrsid13460571\charrsid4009350 given to }{ \fs24\lang2057\langfe5129\langnp2057\insrsid1787673 the Registrar within 3 days from}{\fs24\lang2057\langfe5129\langnp2057\insrsid13460571\charrsid4009350 the date of the order or of the appointment under those po}{ \fs24\lang2057\langfe5129\langnp2057\insrsid1787673 wers}{\fs24\lang2057\langfe5129\langnp2057\insrsid13460571\charrsid4009350 , and the Registrar shall register the notice and enter the fact in the register of charge}{ \fs24\lang2057\langfe5129\langnp2057\insrsid1787673 s}{\fs24\lang2057\langfe5129\langnp2057\insrsid13460571\charrsid4009350 .}{\fs24\lang2057\langfe5129\langnp2057\insrsid13460571 \par }\pard \ql \li0\ri0\widctlpar\aspalpha\aspnum\faauto\adjustright\rin0\lin0\itap0\pararsid1787673 {\fs24\lang2057\langfe5129\langnp2057\insrsid1787673\charrsid4009350 \par }\pard \ql \li720\ri0\widctlpar\aspalpha\aspnum\faauto\adjustright\rin0\lin720\itap0\pararsid1787673 {\fs24\lang2057\langfe5129\langnp2057\insrsid13460571\charrsid4009350 The notice shall state the full name of the receiver or manager and the situation of his office and shall include a brief description of the property in respect of which the receiver or manager has been appointed.}{ \fs24\lang2057\langfe5129\langnp2057\insrsid13460571 \par }\pard \ql \li0\ri0\widctlpar\aspalpha\aspnum\faauto\adjustright\rin0\lin0\itap0\pararsid1787673 {\fs24\lang2057\langfe5129\langnp2057\insrsid1787673\charrsid4009350 \par }\pard \ql \li720\ri0\widctlpar\aspalpha\aspnum\faauto\adjustright\rin0\lin720\itap0\pararsid1787673 {\fs24\lang2057\langfe5129\langnp2057\insrsid13460571\charrsid4009350 (2) Where a receiver or manager of the property of a company or overseas company has been appointed, every deed, agreement, invoice, order for goods, business letter, or other document entered into or issued by or on behalf of the company or the receiver or manager or the liquidator of the company, being a document on or in which the name of the company appears, shall contain a statement that a receiver or m}{ \fs24\lang2057\langfe5129\langnp2057\insrsid1787673 anager has been appointed:}{\fs24\lang2057\langfe5129\langnp2057\insrsid13460571\charrsid4009350 \par }\pard \ql \li0\ri0\widctlpar\aspalpha\aspnum\faauto\adjustright\rin0\lin0\itap0\pararsid1787673 {\fs24\lang2057\langfe5129\langnp2057\insrsid1787673 \par }\pard \ql \li720\ri0\widctlpar\aspalpha\aspnum\faauto\adjustright\rin0\lin720\itap0\pararsid1787673 {\fs24\lang2057\langfe5129\langnp2057\insrsid13460571\charrsid4009350 Provided that fai lure to comply with this subsection shall not affect the validity of any such document.}{\fs24\lang2057\langfe5129\langnp2057\insrsid13460571 \par }\pard \ql \li0\ri0\widctlpar\aspalpha\aspnum\faauto\adjustright\rin0\lin0\itap0\pararsid1787673 {\fs24\lang2057\langfe5129\langnp2057\insrsid1787673\charrsid4009350 \par }\pard \ql \li720\ri0\widctlpar\aspalpha\aspnum\faauto\adjustright\rin0\lin720\itap0\pararsid1787673 {\fs24\lang2057\langfe5129\langnp2057\insrsid13460571\charrsid4009350 (3) Where any person appointed receiver or manager of the property of a company, or of the Cook Islands property of an overseas company, ceases to act as such, that pe rson shall ensure that written notice (signed by him or his agent) to that effect is given to the Registrar within 3 days of his so ceasing, and the Registrar shall register the notice and enter the fact in the register of charges.}{ \fs24\lang2057\langfe5129\langnp2057\insrsid13460571 \par }\pard \ql \li0\ri0\widctlpar\aspalpha\aspnum\faauto\adjustright\rin0\lin0\itap0\pararsid1787673 {\fs24\lang2057\langfe5129\langnp2057\insrsid1787673\charrsid4009350 \par }\pard \ql \li720\ri0\widctlpar\aspalpha\aspnum\faauto\adjustright\rin0\lin720\itap0\pararsid1787673 {\fs24\lang2057\langfe5129\langnp2057\insrsid13460571\charrsid4009350 (4)}{\fs24\lang2057\langfe5129\langnp2057\insrsid4009350 }{ \fs24\lang2057\langfe5129\langnp2057\insrsid13460571\charrsid4009350 If }{\fs24\lang2057\langfe5129\langnp2057\insrsid15165630 -}{\fs24\lang2057\langfe5129\langnp2057\insrsid13460571 \par }\pard \ql \li0\ri0\widctlpar\aspalpha\aspnum\faauto\adjustright\rin0\lin0\itap0\pararsid1787673 {\fs24\lang2057\langfe5129\langnp2057\insrsid1787673\charrsid4009350 \par }\pard \ql \li1080\ri0\widctlpar\aspalpha\aspnum\faauto\adjustright\rin0\lin1080\itap0\pararsid14383742 {\fs24\lang2057\langfe5129\langnp2057\insrsid14383742 (a) }{\fs24\lang2057\langfe5129\langnp2057\insrsid13460571\charrsid4009350 any perso n makes default in complying with subsection (1) or subsection (3) of this section, that person shall be liable to a fine not exceeding $50 for every day during which the default continues;}{\fs24\lang2057\langfe5129\langnp2057\insrsid13460571 \par }\pard \ql \li0\ri0\widctlpar\aspalpha\aspnum\faauto\adjustright\rin0\lin0\itap0\pararsid14383742 {\fs24\lang2057\langfe5129\langnp2057\insrsid3679932 \par }\pard \ql \li1080\ri0\widctlpar\aspalpha\aspnum\faauto\adjustright\rin0\lin1080\itap0\pararsid14383742 {\fs24\lang2057\langfe5129\langnp2057\insrsid14383742 (b) }{\fs24\lang2057\langfe5129\langnp2057\insrsid13460571\charrsid4009350 default is made in complying with subsection (2) of this section, the company and every officer, liquidator, receiver, or manager of the company who knowingly and wilfully authorises or permits the default shall be liabl}{ \fs24\lang2057\langfe5129\langnp2057\insrsid1787673 e to a fine not exceeding $500.}{\fs24\lang2057\langfe5129\langnp2057\insrsid14383742 "}{\fs24\lang2057\langfe5129\langnp2057\insrsid13460571 \par }\pard \ql \li0\ri0\widctlpar\aspalpha\aspnum\faauto\adjustright\rin0\lin0\itap0\pararsid1787673 {\fs24\lang2057\langfe5129\langnp2057\insrsid1787673\charrsid4009350 \par }\pard \ql \li0\ri0\widctlpar\aspalpha\aspnum\faauto\adjustright\rin0\lin0\itap0 {\fs24\lang2057\langfe5129\langnp2057\insrsid13460571\charrsid4009350 3.}{\fs24\lang2057\langfe5129\langnp2057\insrsid4009350 }{ \fs24\ul\lang2057\langfe5129\langnp2057\insrsid13460571\charrsid1787673 Court may determine or limit receivership on application of liquidator}{\fs24\lang2057\langfe5129\langnp2057\insrsid13460571\charrsid4009350 }{ \fs24\lang2057\langfe5129\langnp2057\insrsid4009350 -}{\fs24\lang2057\langfe5129\langnp2057\insrsid1787673 The pr}{\fs24\lang2057\langfe5129\langnp2057\insrsid13460571\charrsid4009350 i}{\fs24\lang2057\langfe5129\langnp2057\insrsid1787673 n}{ \fs24\lang2057\langfe5129\langnp2057\insrsid13460571\charrsid4009350 cipal Act is further amended by inserting after section 346, the following new section }{\fs24\lang2057\langfe5129\langnp2057\insrsid15165630 -}{ \fs24\lang2057\langfe5129\langnp2057\insrsid13460571 \par }{\fs24\lang2057\langfe5129\langnp2057\insrsid10237525\charrsid4009350 \par }\pard \ql \li720\ri0\widctlpar\aspalpha\aspnum\faauto\adjustright\rin0\lin720\itap0\pararsid10237525 {\fs24\lang2057\langfe5129\langnp2057\insrsid14383742 "}{\fs24\lang2057\langfe5129\langnp2057\insrsid13460571\charrsid4009350 346A. }{ \fs24\ul\lang2057\langfe5129\langnp2057\insrsid13460571\charrsid10237525 Court may determine or limit receivership on application of liquidator}{\fs24\lang2057\langfe5129\langnp2057\insrsid13460571\charrsid4009350 }{ \fs24\lang2057\langfe5129\langnp2057\insrsid4009350 -}{\fs24\lang2057\langfe5129\langnp2057\insrsid13460571\charrsid4009350 (1) On the application of the liquidator of a company that is being wound up (other than by means of a members' voluntary winding up) and in respect of which a receiver or manager has been appointed (whether before or after the commencement of the winding up) the Co urt may }{\fs24\lang2057\langfe5129\langnp2057\insrsid15165630 -}{\fs24\lang2057\langfe5129\langnp2057\insrsid13460571 \par }\pard \ql \li0\ri0\widctlpar\aspalpha\aspnum\faauto\adjustright\rin0\lin0\itap0\pararsid10237525 {\fs24\lang2057\langfe5129\langnp2057\insrsid10237525\charrsid4009350 \par }\pard \ql \li1440\ri0\widctlpar\aspalpha\aspnum\faauto\adjustright\rin0\lin1440\itap0\pararsid10237525 {\fs24\lang2057\langfe5129\langnp2057\insrsid13460571\charrsid4009350 (a)}{\fs24\lang2057\langfe5129\langnp2057\insrsid4009350 }{ \fs24\lang2057\langfe5129\langnp2057\insrsid13460571\charrsid4009350 order that the receiver or manager shall cease to act as such from a date specified by the Court, and prohibit the appointment of any other receiver or }{ \fs24\lang2057\langfe5129\langnp2057\insrsid13460571\charrsid3679932 manager; or \par }\pard \ql \li0\ri0\widctlpar\aspalpha\aspnum\faauto\adjustright\rin0\lin0\itap0\pararsid10237525 {\fs24\lang2057\langfe5129\langnp2057\insrsid10237525\charrsid3679932 \par }\pard \ql \li1440\ri0\widctlpar\aspalpha\aspnum\faauto\adjustright\rin0\lin1440\itap0\pararsid10237525 {\fs24\lang2057\langfe5129\langnp2057\insrsid13460571\charrsid4009350 (b)}{\fs24\lang2057\langfe5129\langnp2057\insrsid4009350 }{ \fs24\lang2057\langfe5129\langnp2057\insrsid13460571\charrsid4009350 order that the receiver or manager shall, from a date specified by the Court, act as such only in respect of certain assets specified by the Court.}{ \fs24\lang2057\langfe5129\langnp2057\insrsid13460571 \par }\pard \ql \li0\ri0\widctlpar\aspalpha\aspnum\faauto\adjustright\rin0\lin0\itap0\pararsid10237525 {\fs24\lang2057\langfe5129\langnp2057\insrsid10237525\charrsid4009350 \par }\pard \ql \li720\ri0\widctlpar\aspalpha\aspnum\faauto\adjustright\rin0\lin720\itap0\pararsid10237525 {\fs24\lang2057\langfe5129\langnp2057\insrsid13460571\charrsid4009350 An order under this subsection may be made on such terms and conditions as the Court thinks fit.}{\fs24\lang2057\langfe5129\langnp2057\insrsid13460571 \par }\pard \ql \li0\ri0\widctlpar\aspalpha\aspnum\faauto\adjustright\rin0\lin0\itap0\pararsid10237525 {\fs24\lang2057\langfe5129\langnp2057\insrsid10237525\charrsid4009350 \par }\pard \ql \li720\ri0\widctlpar\aspalpha\aspnum\faauto\adjustright\rin0\lin720\itap0\pararsid10237525 {\fs24\lang2057\langfe5129\langnp2057\insrsid13460571\charrsid4009350 (2) The Court may from time to time, on an application made either by the liquidator or by the receiver or manager, rescind or amend an order made under subsection (1).}{\fs24\lang2057\langfe5129\langnp2057\insrsid13460571 \par }\pard \ql \li0\ri0\widctlpar\aspalpha\aspnum\faauto\adjustright\rin0\lin0\itap0\pararsid14383742 {\fs24\lang2057\langfe5129\langnp2057\insrsid3679932\charrsid4009350 \par }\pard \ql \li720\ri0\widctlpar\aspalpha\aspnum\faauto\adjustright\rin0\lin720\itap0\pararsid10237525 {\fs24\lang2057\langfe5129\langnp2057\insrsid13460571\charrsid4009350 (3) A copy of an application made under thi s section shall be served on the receiver or manager not less than 7 days before the hearing of the application, and the receiver or manager may appear before and be heard by the Court in respect of the application.}{ \fs24\lang2057\langfe5129\langnp2057\insrsid13460571 \par }\pard \ql \li0\ri0\widctlpar\aspalpha\aspnum\faauto\adjustright\rin0\lin0\itap0\pararsid10237525 {\fs24\lang2057\langfe5129\langnp2057\insrsid10237525\charrsid4009350 \par }\pard \ql \li720\ri0\widctlpar\aspalpha\aspnum\faauto\adjustright\rin0\lin720\itap0\pararsid10237525 {\fs24\lang2057\langfe5129\langnp2057\insrsid13460571\charrsid4009350 (4) Except as provided in subsection (1 ) of this section, no order made under this section shall affect any security or charge over the undertaking or property of the company.}{\fs24\lang2057\langfe5129\langnp2057\insrsid14383742 "}{ \fs24\lang2057\langfe5129\langnp2057\insrsid13460571\charrsid4009350 \par }\pard \ql \li0\ri0\widctlpar\aspalpha\aspnum\faauto\adjustright\rin0\lin0\itap0 {\fs24\lang2057\langfe5129\langnp2057\insrsid10237525 \par }\pard \qc \li0\ri0\widctlpar\aspalpha\aspnum\faauto\adjustright\rin0\lin0\itap0\pararsid10237525 {\fs24\lang2057\langfe5129\langnp2057\insrsid10237525 -------------------------------------------------------- \par }\pard \ql \li0\ri0\widctlpar\aspalpha\aspnum\faauto\adjustright\rin0\lin0\itap0\pararsid14383742 {\fs24\lang2057\langfe5129\langnp2057\insrsid14383742 \par }\pard \qc \li0\ri0\widctlpar\aspalpha\aspnum\faauto\adjustright\rin0\lin0\itap0\pararsid10237525 {\fs24\lang2057\langfe5129\langnp2057\insrsid13460571\charrsid4009350 This Act is administered by the Justice Department \par }}