516 Notice by liquidator of his appointment

516. NOTICE BY LIQUIDATOR OF HIS APPOINTMENT

 

(1) The liquidator shall, within thirty days after his appointment publish in the Official Gazette, and deliver to the Registrar for registration, a notice of his appointment in the form prescribed.

(2) If the liquidator fails to comply with sub-section (1), he shall be punishable with fine which may extend to five hundred rupees for every day during which the default continues.