law: Co-Operative Societies Act 2008 
  157.
  
  Required actions of receiver
  A
  
  receiver or receiver-manager shall-
  a.      in the case of a
  
  receiver or receiver-manager appointed by the Court or pursuant to an
  
  instrument, immediately notify the Registrar of his appointment or discharge;
  b.     take into his custody
  
  and control the property of the society in accordance with the Court order,
  
  order of the Registrar or instrument pursuant to which he is appointed;
  c.      open and maintain a
  
  bank account in his name as receiver or receiver-manager of the society for the
  
  moneys of the society coming under his control;
  d.     keep detailed
  
  accounts of all transactions carried out by him as receiver or
  
  receiver-manager;
  e.      keep accounts of his
  
  administration that he shall cause to be available during usual business hours
  
  for inspection by the directors of the society, the Registrar or any person
  
  authorised by the Registrar;
  f.      prepare at least once
  
  in every 6 month period after the date of his appointment financial statements
  
  of his administration, as far as is practicable, in the form required in
  
  section 124;
  g.     on completion of his
  
  duties, render a final account of his administration in the form he has adopted
  
  for preparation of interim accounts pursuant to paragraph (f) ; and
  h.      file with the
  
  Registrar a copy of any financial statement mentioned in paragraph (f) and
  
  any final account mentioned in paragraph (g) within 15 days of the
  
  preparation of the financial statement or rendering of the final account, as
  
  the case may be.