Bankruptcy Act · 1985 Revised Edition · Part I · Proceedings from Act of Bankruptcy to Discharge
20. No deed of arrangement valid except under section 18 or 26 unless registered
Feedback & supportNo deed of arrangement, except a composition or scheme entered into under section 18 or 26, shall be valid unless the same has been registered at the office of the Registrar of Deeds within 14 clear days after the first execution thereof by the debtor or any creditor, and unless the same is registered in accordance with the rules for the time being in force for the registration of deeds of arrangements under this Act.
deed of arrangement
“deed of arrangement” includes any of the following instruments, whether under seal or not, made by, for, or in respect of the affairs of a debtor for the benefit of his creditors generally:(a)an assignment of property;(b)a deed or agreement for a composition,and in cases where creditors of a debtor obtain any control over the property or business —(c)a deed of inspectorship entered into for the purpose of winding up or carrying on a business;(d)a letter of licence authorising the debtor or any other person to manage, carry on, realise or dispose of a business with a view to the payment of debts; and(e)any agreement or instrument entered into for the purpose of carrying on or winding up the debtor’s business, or authorising the debtor or any other person to manage, carry on, realise or dispose of the debtor’s business with a view to the payment of his debts;