Section 340, The Companies Act, 2009

(1) Except where subsection (2) of section 339 applies,everyreceiver or manager of the property of a company who has been appointed under the powers contained in any instrument shall, within one month or such longer periods as the Commission may allow, after the expiration of the period of 6 months from the date of his appointment, and of every subsequent period of 6 months, and within one month after he ceases to act as receiver or manager, deliver to the Commission for registration an abstract in the prescribed form showing his receipts and his payments during that period of 6 months, or where he ceases to act as aforesaid, during the period from the end of the period to which the last preceding abstract relate up to the date of his ceasing, and the aggregate amount of his receipts and of his payments during all preceding periods since his appointment (2) Every receiver or manager who defaults in complying with this section shall be guilty of an offence and be liable to a fine of Le.500,000 for each day during which the default continues. Duty as to returns