47. Where a liquidator other than the Official Receiver has been appointed, the following provisions as to security shall have effect:
(a)
the security shall be given to such officers or persons, and in such manner as the Official Receiver may from time to time direct;
(b)
it shall not be necessary that security shall be given in each separate winding up; but security may be given either specially in a particular winding up, or generally, to be available for any winding up in which the person giving security may be appointed, as liquidator;
(c)
the Official Receiver shall fix the amount and nature of such security, and may from time to time, as he thinks fit, either increase or diminish the amount of special or general security which any person has given;
(d)
the certificate of the Official Receiver as in Form 21 set out in the First Schedule that a liquidator has given security to his satisfaction shall be filed with the Registrar; and
(e)
the cost of furnishing the required security by a liquidator, including any premiums which he may pay to a guarantee society, shall be borne by him personally, and shall not be charged against the assets of the company as an expense incurred in the winding up.