Companies Act (Cap. 386)

Companies Act (Cap. 386), article 225

Official PDF on legislation.mt

225. (1) The Minister shall appoint a senior official of the Agency to be the official receiver for the purposes of this Act and may at any time terminate any su ch appointment or designation. (2) The official receiver may authorise in writing any individu al to perform any of the functions assigned to the official receiv er under this Act or any other law. (3) Notwithstanding anything to the contrary contained in this A ct or any other law, the official receiver and any other individua l authorised in terms of sub-artic le (2), shall be exempt from an y personal liability whatsoever, including any liability in damag es for anything done or omitted to be done in the discharge or purport ed discharge of any of his functions under this Act or under any o ther law, or otherwise in the exercise of his official duties, unless the act or omission is shown to have been done or omitted to be done, as t he case may be, in bad faith. 156 CAP. 386.] COMP ANIES Statement of company’s affairs to be submitted to official receiver.

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Text read from the consolidated PDF published by Legislation Malta. Tables, figures and marginal notes may be incomplete or out of place: the official PDF is authoritative. General information, not legal, tax or accounting advice.