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Order XL Rule 3 CPC - Duties

Order 40 Rule 3 of Code of Civil Procedure 1908 - Duties

Every receiver so appointed shall-

(a) furnish such security (if any) as the Court thinks fit, duly to account for what he shall receive in respect of the property ;

(b) submit his accounts at such periods and in such form as the Court directs;

(c) pay the amount due from him as the Court directs; and

(d) be responsible for any loss occasioned to the property by his willful default or gross negligence.

        

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