Section 36

The court may, on an application made by the liquidator of a company, by order fix the amount to be paid by way of remuneration to a person who, under powers contained in an instrument, has been appointed receiver or manager of the company’s property. The court’s power under subsection (1), where no previous order has been made with respect thereto under the subsection— But the power conferred by pararaph (c) shall not be exercised as respects any period before the making of the application for the order under this section, unless in the court’s opinion there are special circumstances making it proper for the power to be exercised. extends to fixing the remuneration for any period before the making of the order or the application for it, is exercisable notwithstanding that the receiver or manager has died or ceased to act before the making of the order or the application, and where the receiver or manager has been paid or has retained for his remuneration for any period before the making of the order any amount in excess of that so fixed for that period, extends to requiring him or his personal representatives to account for the excess or such part of it as may be specified in the order. The court may from time to time on an application made either by the liquidator or by the receiver or manager, vary or amend an order made under subsection (1).

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Source: legislation.gov.uk · retrieved 2026-09-04