3. Duties.- Every receiver so appointed shall— (a) furnish such security (if any) as the court thinks fit, duly to account for what he shall receive in respect of the property; (b) submit his accounts at such periods and in such form as the court directs; (c) pay the amount due from him as the court directs; and (d) be responsible for any loss occasioned to the property by his wilful default or gross negligence. HIGH COURT AMENDMENTS
Andhra Pradesh.- Substitute the following for sub-clause (a) and (b) of Rule 3; “(a) Unless the Court otherwise orders, furnish security in the movable property for such amount as the Court thinks fit duly to account for what he shall receive in respect of the property of which he is appointed a receiver; (b) submit his accounts at such periods and in such form as may be prescribed.” Karnataka.- Delete Rule 3 and substitute the following; “3. Every receiver so appointed shall.— (a) Unless the Court otherwise orders, furnish security in such form and for such amount as the Court thinks fit, duly to account for what he shall receive in respect of the property of which he is appointed a receiver; (b) submit his accounts at such time and in such form as the Court may direct or may be prescribed; (c) pay the amount due from him as the Court directs; and (d) be responsible for any loss occasioned to the property by his willful default or gross negligence.” (30.3.1967). Kerala, Laccadive, Minicoy and Amindivi Islands.- Same as that of Andhra Pradesh subject to the change, namely, in clause (a) the word “immovable” is substituted for the word “movable”. (9-6-1959). Madras and Pondicherry.- Same as that of Andhra Pradesh.
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