Every receiver so appointed shall-

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

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

pay the amount due from him as the Court directs; and

be responsible for any loss occasioned to the property by his wilful default or gross negligence.

High Court Amendments-[Andhra Pradesh].-Same as that of Madras. [Karnataka].-Delete rule 3 and substitute the following: "3. Every receiver so appointed shall, (a) unless the Court otherwise orders, furnish security.in such form and for such amount as the Court thinks fit, duly to account for what he shall receive in respect of the property of which he is appointed a receiver; (b) submit his accounts at such time and in such form as the Court may direct or may be prescribed; (c) pay the amount due from him as the Court directs; and (d) be responsible for any loss occasioned to the property by his wilful default or gross negligence."-(R.O.C. No. 2526/1959, dated 9-2-1967). [Kerala].-Same as in Madras except that for the words "the movable" the words "the immovable" are used.-(9-6-1959). [Madras].-For clauses (a) and (b) of rule 3, the following clauses shall be substituted, namely: "(a) unless the Court otherwise orders, furnish security in the movable property for such amount as the Court thinks fit duly to account for what he shall receive in respect of the property of which he is appointed receiver. (b) submit his accounts at such periods and in such form as may be prescribed."

Every receiver so appointed shall-

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

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

pay the amount due from him as the Court directs; and

be responsible for any loss occasioned to the property by his wilful default or gross negligence.

High Court Amendments-[Andhra Pradesh].-Same as that of Madras. [Karnataka].-Delete rule 3 and substitute the following: "3. Every receiver so appointed shall, (a) unless the Court otherwise orders, furnish security.in such form and for such amount as the Court thinks fit, duly to account for what he shall receive in respect of the property of which he is appointed a receiver; (b) submit his accounts at such time and in such form as the Court may direct or may be prescribed; (c) pay the amount due from him as the Court directs; and (d) be responsible for any loss occasioned to the property by his wilful default or gross negligence."-(R.O.C. No. 2526/1959, dated 9-2-1967). [Kerala].-Same as in Madras except that for the words "the movable" the words "the immovable" are used.-(9-6-1959). [Madras].-For clauses (a) and (b) of rule 3, the following clauses shall be substituted, namely: "(a) unless the Court otherwise orders, furnish security in the movable property for such amount as the Court thinks fit duly to account for what he shall receive in respect of the property of which he is appointed receiver. (b) submit his accounts at such periods and in such form as may be prescribed."