Section 436 of the Principal Act is amended -

(a) in subsection (1), by the substitution of "prescribed form specifying the information referred to in subsection (1A)" for "prescribed form",

(b) by the insertion of the following subsection after subsection (1):

"(1A) The notice referred to in subsection (1) shall specify the following information:

(a) the property of the company in respect of which the receiver is appointed;

(b) the date of appointment of the receiver;

(c) the nature of the appointment of the receiver in respect of the property concerned;

(d) whether the company will continue to trade following the appointment of the receiver;

(e) such further or other information as may be prescribed.",

and

(c) in subsection (2), by the substitution of "within 7 days after the date on which he or she so ceases" for "on so ceasing".