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194. Notice by liquidator of his appointment

(1) The liquidator shall, within seven (7) days of his appointment, publish notice of his appointment in the Abu Dhabi Global Market in such manner as he thinks appropriate, and deliver to the Registrar for registration, a notice of his appointment.
(2) If the liquidator fails, without reasonable excuse, to comply with subsection (1), he commits a contravention and is liable to a fine at the relevant level set out in the Fines Schedule.