Section 57 of THE PROVINCIAL INSOLVENCY ACT, 1920
Power to appoint Official Receivers.
- (1)The State Government may appoint such persons as it thinks fit (to be called "Official Receivers") to be receivers under this Act within such local limits as it may prescribe.
- (2)Where any Official Receiver has been so appointed for the local limits of the jurisdiction of any Court having jurisdiction under this Act, he shall be the receiver for the purpose of every order appointing a receiver or an interim receiver issued by any such Court, unless the Court for special reasons otherwise directs.
- (3)Any sum payable under clause (b) of sub-section (2) of section 56 in respect of the services of an Official Receiver shall be credited to such fund as the State Government may direct.
- (4)Every Official Receiver shall receive such remuneration out of the said fund or otherwise as the State Government may fix in this behalf, and no remuneration whatever beyond that so fixed shall be received by the Official Receiver as such.
Summary
- (1) The State Government may appoint such persons as it thinks fit (to be called "Official Receivers") to be receivers under this Act within such local limits as it may prescribe.
- (2) Where any Official Receiver has been so appointed for the local limits of the jurisdiction of any Court having.
Practical examples
FAQ
1. Who has the authority to appoint Official Receivers under the Provincial Insolvency Act, 1920, Section 57?
The State Government appoints Official Receivers for specific local limits under Section 57 of the Provincial Insolvency Act, 1920.
2. Does an Official Receiver automatically handle every insolvency case in their district according to the Provincial Insolvency Act, 1920, Section 57?
Yes, the Official Receiver becomes the receiver for every appointment order in their area unless the court gives special reasons to choose someone else under Section 57 of the Provincial Insolvency Act, 1920.
3. Can an Official Receiver charge extra fees for their work under Section 57 of the Provincial Insolvency Act, 1920?
No, an Official Receiver only receives the specific remuneration fixed by the State Government and is forbidden from taking any other payment under Section 57 of the Provincial Insolvency Act, 1920.
Test yourself
1.Under Section 57 of the Provincial Insolvency Act, 1920, who is responsible for appointing Official Receivers?
2.According to Section 57 of the Provincial Insolvency Act, 1920, what happens to the money paid for an Official Receiver's services?
3.Under Section 57 of the Provincial Insolvency Act, 1920, can a court appoint someone other than the Official Receiver to manage an estate?
4.Which provision of the Provincial Insolvency Act, 1920, states that an Official Receiver cannot receive any pay beyond what the State Government fixes?