Here, we will discuss provisions related to Official Liquidator.
APPOINTMENT OF OFFICIAL LIQUIDATOR (SECTION 359)
For the purposes of this Act, so far as it relates to the winding up of companies by the Tribunal, the Central Government may appoint as many Official Liquidators, Joint, Deputy or Assistant Official Liquidators as it may consider necessary to discharge the functions of the Official Liquidator.
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.
PAYMENT OF DEBTS BY CONTRIBUTORY AND EXTENT OF SET – OFF (SECTION 295):
The Tribunal may, at any time after passing of a winding up order, pass an order requiring any contributory for the time being on the list of contributories to pay, in the manner directed by the order, any money due to the company, from him or from the estate of the person whom he represents, exclusive of any money payable by him or the estate by virtue of any call in pursuance of this Act.
Posted in Chapter XX - CA2013, Companies Act 2013
Tagged Appeals, Arrest of Person, Calls, Companies Act 2013, Companies Bill 2012, Company Liquidators, Contributories, CorpGov, CorpLaw, Corporate Governance, Corporate Law, Examination of Promoters and Directors, India, Interim Liquidator, Legal Reforms, Ministry of corporate affairs, Official Liquidator, Payment of Debts by Contributories, Persons having Property of Company, Reforms, Set off by Contributories, Winding Up, winding up by Tribunal, winding up of a company
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—
Posted in Chapter XX - CA2013, Companies Act 2013
Tagged Audits of Books of Company Liquidators, Books of Company Liquidator, Companies Act 2013, Companies Bill 2012, Company Liquidators, CorpGov, CorpLaw, Corporate Governance, Corporate Law, Duties of Company Liquidator, India, Interim Liquidator, Legal Reforms, Ministry of corporate affairs, Official Liquidator, Power of Company Liquidator, Professional Assistance to Company Liquidator, Reforms, Winding Up, winding up by Tribunal, winding up of a company
In recent post we have discussed Winding up by Tribunal, Company liquidator and winding up order. We continue provisions related to winding up of a company by Tribunal in this post.
Posted in Chapter XX - CA2013, Companies Act 2013
Tagged Companies Act 2013, Companies Bill 2012, Company Liquidators, Company Property, CorpGov, CorpLaw, Corporate Governance, Corporate Law, Custody of Company Property, India, Inspection of Report of Liquidator, Interim Liquidator, Investigation, Legal Reforms, Ministry of corporate affairs, Notice of discharge, Official Liquidator, Reforms, Report of Liquidator, Sale Committee, Winding Up, winding up by Tribunal, winding up of a company
In last post we discussed some provisions related to winding up by the Tribunal. In this post we will focus on Company liquidator. We will continue to discuss about winding in some future posts.
Posted in Chapter XX - CA2013, Companies Act 2013
Tagged Appointment of Liquidator, Companies Act 2013, Companies Bill 2012, Company Liquidators, CorpGov, CorpLaw, Corporate Governance, Corporate Law, India, Interim Liquidator, Jurisdiction of Tribunal, Legal Reforms, Ministry of corporate affairs, Notice of discharge, Official Liquidator, Reforms, Winding Up, winding up by Tribunal, Winding up Committee, winding up of a company, Winding up Order
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