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Section 701 of Insolvency Act CAP 53: Appointment of Official Receiver and others

    

(1) The Cabinet Secretary shall, as and when necessary, appoint suitably qualified persons to the positions of—
(a) Official Receiver; and
(b) one or more Deputy Official Receivers.
(2) The Official Receiver and the Deputy Official Receivers are officers of the Court.
(3) In performing their duties and exercising their powers, the Deputy Official Receivers are subject to the control and direction of the Official Receiver.
(4) Subject to this Act, the Official Receiver holds office for such period, not exceeding seven years, as is specified in the document of his or her appointment and is eligible for re-appointment.
(5) A person is not qualified for appointment as Official Receiver or Deputy Official Receiver unless the person is an advocate, a registered accountant or a chartered public secretary.
(6) A person is not eligible for appointment as Official Receiver or Deputy Official Receiver if— (a) the person—
(i) is an undischarged bankrupt or has entered into a deed of composition under Division 24 of Part III;
(ii) has entered into a voluntary arrangement under Division I of Part IV that has not ended;
(iii) is subject to a summary instalment order imposed under Division 2 of that Part;
(iv) is subject to the no-assets procedure under Division 3 of that Part; or
(v) is subject to an order disqualifying the person from being a director of a company;
(b) is convicted of offence punishable by imprisonment for a term of two years or more; (c) is a member of the Parliament.
(7) The Official Receiver and a Deputy Official Receiver are entitled to such remuneration and benefits as may be determined by the Salaries and Remuneration Commission from time to time.
(8) A person holding office as Official Receiver or Deputy Official Receiver immediately before the commencement of this Division continues to hold that office under this Act on the same terms as those subject to which the person held the office immediately before that commencement.

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Disclaimer: This document is not to be taken as legal advise.

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