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SPECIFICATION (.V
T A X E S , D U T I K S ,
&C.
* OFFICIAL RECEIVER'S FEES AND PERCENTAGES
UNDER THE BANKRUPTCY LAW, 1930.
£
,.
cp
.
O n the insertion of a notice in the Cyprus Gazette .. .. ..' 5 0
O n the insertion of a notice in a local paper in addition to the amount .
actually paid . . . .
1 4 *
O n application being made for the approval of a composition, a fee
computed at the following rates on the gross amount of the composition
O n thefirst£1,000 or fraction thereof, percent. ..'
.''"10 0 0 •'
On the next £1,500 or fraction thereof, per cent
7 10 0
O n all further sums, per cent. •'..' ' ..' „.'•' .'. .. '" ''s 0 0
Where a fee has been taken on the occasion of a previous application
for the approval of a composition, only two-fifthe of the fee chargeable under .
this item are taken in respect of a subsequent application for approval of
a composition.
O n application being made for the approval of a scheme of arrangement .
a fee computed at the following rates on the gross amount of the
estimated assets (but not exceeding the gross amount of the unsecured
liabilities), viz :—
O n thofirst£1,000 or fraction thereof, per cent
10 0 0
On the next £1,500 or fraction thereof, per cent
7 10 0
O n all further sums, per cent. ..
5 0 0
Where a fee has been taken on the occasion of a previous application
for the approval of a scheme, only two-fifths of the fee chargeable under this
item are taken in respect of a subsequent application for the approval of
a scheme.
On the net assets realized or brought to credit after deducting any
sums paid to secured creditors in respect of their securities:—
On thefirst£1,000 or fraction thereof, per cent.
10 0 0
O n the next £1,500 or fractiont hereof, per cent
7 10 0
On all further sums, per cent. .. .. .. .. .. .. 5 0 0
Where a fee has already been taken in respect of a composition or
scheme, only two-fifths of the percentage payable under this item are charged.
On the net assets realized or brought to credit by the official receiver
(whether acting as interim receiver, receiver, or trustee in bankruptcy
or under a composition or scheme), after deducting any sums paid
to secured creditors in respect of their securities and not being asset*]
realized by a special manager or moneys received and spent in carrying
on the business of the debtor, in addition to the percentage chargeable
under the preceding item—On every £100 or fraction thereof—percent. 2 10 0
On the amount distributed to creditors by the official receiver whether
in bankruptcy or under a composition or scheme, not being moneys
paid in respect of securities other than securities given pursuant to
a composition or scheme—On every £100 or fraction thereof—per cent. 2 10 0
For each week or fraction thereof that the official receiver acts as
interim receiver of a debtor's property, in addition to the percentages
chargeable on realizations..
.. .. .. .. .. 1 0 0
For each notice by the official receiver to a creditor .. ..
— 1 4-J
For the official receiver supervising a special manager or the ca*rying
on of a debtor's business, where the estimated assets exceed £100,
a fee according to the following scale :—
If the gross assets are estimated by the official receiver not to exceed
£200, per week .. ..
100
If to exceed £200 but not to exceed £1,000, per week
2 0 0
If to exceed £1,000, per week ..
4 0 0
For a room for meeting of creditors summoned by the official receiver .. Actual cost.
For travelling, keeping possession, and other reasonable expenses of
the official receiver..
Actual cost.
On audit of the trustee's account by the court or by the official receiver
when acting as a committee of inspection, a fee to be computed on
the gross amount of the assets realized and brought to credit—On
every £100 or fraction thereof
100
Where a fee or fees has or have been taken on a previous audit or audits,
the amount or amounts of such fee or fees are deducted from the fee payable
on audit of the trustee's account.
For appearances of the official receiver in Court or in chambers—[From 1 0 0
For each day or part of a day ..
) t o 4 0 0
AOTUOKITT.
The Bankrupto-y
Rules (No. 21. 1931.
pub. in Gaz. No. 2182'
of 2nd Dec.. 1931. aa-
)• amended by tbe Bank–
ruptcy Rules, 1932.
pub. in Gas. No. 2191
of Sth Jan., 1932.