(2) The person so appointed shall give security in such manner and to such amount as the creditors by resolution shall determine. The appointment of the trustee shall be reported to the Court, and the Court, if satisfied with the security, shall certify that his or her appointment has been duly made, unless the appointment is objected to on the ground that the person appointed is not fit to act as trustee, or that he or she has been previously removed from the office of trustee of a bankrupt's property for misconduct or neglect of duty, or that his or her connection with or relation to the bankrupt or his or her estate or any particular creditor makes his or her appointment undesirable in the interests of the creditors generally.