B. on the next $10 000 C. on the next $10 000 D. on any amount in excess of $25 000 E. minimum fee (iii) on the gross turnover of any trading or carrying on of business— A. on the first $5 000 B. on any excess over $5 000 (iv) on the value of any asset taken over by a creditor with the consent of the liquidator— minimum fee 10 per centum 7½ per centum 5 per centum $150 10 per centum 5 per centum 2½ per centum $10 (v) on the movable property subject to lease-hire, where the value of the movable property— A. does not exceed $1 000 $25 B. is more than $1 000 but does not exceed $5 000 $50 C. is more than $5 000 but does not exceed $10 000 $100 D. is more than $10 000 but does not exceed $20 000 $200 E. is more than $20 000 $500 (b ) to travelling expenses in the discretion of the Master: Provided that, where the Master is satisfied that there has been no undue delay by the liquidator in the liquidation of the company, the Master may authorize for such liquidator in respect of work done on or after the 1st May, 1986, a remuneration in accordance with the tariff set out in item (3) of this Table. (3) Where a liquidator is appointed on or after the 1st May, 1986, to liquidate the company, he shall be entitled to remuneration at the following tariffs — (a ) on the proceeds of and on any income or rentals arising from any property which was subject to a special mortgage, landlord’s legal hypothec, pledge or right of retention in respect of the gross amount reflected in each encumbered asset account— (i) on the first $5 000 8 per centum (ii) on the next $10 000 6 per centum 3 per centum (iii) on any amount in excess of $15 000 (iv) minimum fee $18 (b ) on the gross amount of the free residue of the company, including any surplus brought into the free residue from an encumbered (i) on the first $5 000 13½ per centum (ii) on the next $10 000 11 per centum (iii) on the next $10 000 8½ per centum (iv) on any amount in excess of $25 000 6 per centum (v) minimum fees $150 (c) on the gross turnover of any trading or carrying on of business 11 per centum (i) on the first $5 000 (ii) on any excess over $5 000 6 per centum (d ) on the value of any asset taken over by a creditor with the consent of the liquidator 3 per centum minimum fee $12 (e) on the movable property subject to lease-hire, where the value of the movable property— (i) does not exceed $1 000 $30 (ii) is more than $1 000 but does not exceed $5 000 $60 (iii) is more than $5 000 but does not exceed $10 000 $120 (iv) is more than $10 000 but does not exceed $20 000 $240 (v) is more than $20 000 $600 (4) Where the liquidator is appointed for the purpose of carrying out a reconstruction or other scheme by which the affairs of the company are wound up otherwise than by the realization and distribution of the assets, he shall be entitled to a fee calculated as follows on the value of the company’s property as estimated in the statement of affairs — (a ) on the first $10 000 or fraction thereof 1½ per centum (b ) on the next $40 000 or fraction thereof 3/5 per centum (c) on the next $50 000 or fraction thereof 3/10 per centum (d ) on the next $100 000 or fraction thereof 3/20 per centum (e) thereafter 3/40 per centum (5) A liquidator shall be entitled to recover travelling expenses incurred during the course of his duties at a rate to be determined in the discretion of the Master. EIGHTH SCHEDULE (Sections 356) P ENALTIES FOR LATE SUBMISSIONS OF DOCUMENTS OR NOTICES If the document or notice be lodged within the under-mentioned periods after the date when the act in respect of which the document is to be furnished or notice given took place (a) Three months ............................................................... (b) Six months ................................................................ .... (c) Twelve months.............................................................. (d) More than twelve months ............................................. Penalty to be paid Twice the prescribed fee Three times the prescribed fee Four times the prescribed fee Five times the prescribed fee