Section 2: Without limiting the generality of paragraph 1, but subject to any provision of

2. Without limiting the generality of paragraph 1, but subject to any provision of the Court order by which, or the instrument under which, the receiver was appointed, being a provision that limits the receiver’s powers in any way, a receiver of property of a company has, in addition to any powers conferred by that order or instrument, as the case may be, or by any other law, power, for the purpose of attaining the objectives for which the receiver was appointed— (a) to enter into possession and take control of property of the company in accordance with the terms of that order or instrument; (b) to lease, let on hire or dispose of property of the company; (c) to grant options over property of the company on such conditions as the receiver may determine; (d) to borrow money on the security of property of the company; (e) to insure property of the company; (f) to repair, renew or enlarge property of the company; (g) to convert property of the company into money; (h) to carry on any business of the company; (i) to take on lease or on hire, or to acquire, any property necessary or convenient in connection with the carrying on of a business of the company; (j) to demand and recover, by action or otherwise, income of the property in receivership; (k) to issue receipts for income recovered; (l) to inspect, at any reasonable time, books or documents that relate to the property in receivership and that are in the possession or under the control of the company; (m) to exercise, on behalf of the company, a right to inspect books or documents that relate to the property in receivership and that are in the possession or under the control of a person other than the company; (n) to change the registered office or address for service of the company; (o) to execute any document, bring or defend any proceedings or do any other act or thing in the name of and on behalf of the company; (p) to draw, accept, make and endorse a bill of exchange or promissory note; (q) — (r) to engage or discharge employees on behalf of the company; (s) to appoint a solicitor, accountant or other professionally qualified person to assist the receiver; (t) to appoint an agent to do any business that the receiver is unable to do, or that it is unreasonable to expect the receiver to do, in person; I14 – 243 [Issue 9] Insolvency Act (u) where a debt or liability is owed to the company – to prove the debt or liability in a bankruptcy, insolvency or winding up and, in connection therewith, to receive dividends and to assent to a proposal for a composition or a scheme of arrangement; (v) to make or defend an application for the winding up of the company; and (w) to refer to arbitration any question affecting the company.