Tag Archives: Duties of Company Liquidator

COMPANY LIQUIDATOR IN VOLUNTARY WINDING UP


In continuation of our discussion about voluntary winding up, we will discuss on company liquidator in voluntary winding up.

APPOINTMENT OF COMPANY LIQUIDATOR (SECTION 310):

The company in its general meeting, where a resolution of voluntary winding up is passed, shall appoint a Company Liquidator from the panel prepared by the Central Government for the purpose of winding up its affairs and distributing the assets of the company and recommend the fee to be paid to the Company Liquidator.

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POWER AND DUTIES OF COMPANY LIQUIDATORS AND THEIR BOOKS


In recent post we have discussed Winding up by Tribunal, Company Liquidators and winding up order, Report of Liquidators, Directions, other procedures and dissolution of company. We continue provisions related to winding up of a company by Tribunal in this post.

POWER AND DUTIES OF COMPANY LIQUIDATORS (SECTION 290):

The Company Liquidator, in a winding up of a company by the Tribunal, shall have the power—

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