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← Insolvency Act 1967

Insolvency Act 1967 s 75

Insolvency Act 1967 s 75

Some sections could not be extracted from the official PDF, so this text may be incomplete.

s 75 Allowance and taxation of costs

(1) No payment shall be allowed in the accounts of the Director General of Insolvency, or of any special manager, in respect of the performance by any other person of the ordinary duties which are required by this Act or any rules made thereunder to be performed by himself. (2) All bills and charges of solicitors, managers, accountants, auctioneers, brokers and other persons shall be taxed by the prescribed officer, and no payments in respect thereof shall be allowed in the accounts of the Director General of Insolvency without leave of the court, until after such taxation has been made. (3) Every such person shall on request by the Director General of Insolvency, which request the Director General of Insolvency shall make a sufficient time before declaring a dividend, deliver his bill of costs or charges to the prescribed officer for taxation, and if he fails to do so within seven days after receipt of the request, or such further time as the court on application grants, the Director General of Insolvency shall declare and distribute the dividend without regard to any claim by him, and thereupon any such claim shall be forfeited as well against the Director General of Insolvency personally as against the estate. Receipts, Payments, Accounts, Audit

Malay text (authoritative)

Daftar bagi bil yang ditetapkan

Read this section in the full act → · Open Part IV →

Find Act 360 on lom.agc.gov.my ↗

Text as at 6 October 2023 (LOM reprint); amendments made after that date may not be incorporated.

Source: Laws of Malaysia, Attorney General's Chambers of Malaysia (lom.agc.gov.my). Not a copy of the Gazette printed by the Government Printer (Interpretation Acts 1948 and 1967, s 61).

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