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Statutory Provisions

Home Acts & Rules Bill Bills COMPANIES BILL, 2011 Chapters List Chapter XX - Part I Winding up by the Tribunal This

Clause 291 - Provision for professional assistance to Company Liquidator. - COMPANIES BILL, 2011

COMPANIES BILL, 2011
Chapter XX - Part I
Winding up by the Tribunal
  • Contents

Provision for professional assistance to Company Liquidator.

     291. (1) The Company Liquidator may, with the sanction of the Tribunal, appoint one or more chartered accountants or company secretaries or cost accountants or legal practitioners or such other professionals on such terms and conditions, as may be necessary, to assist him in the performance of his duties and functions under this Act.

      (2) Any person appointed under this section shall disclose forthwith to the Tribunal in the prescribed form any conflict of interest or lack of independence in respect of his appointment.

 
 
 
 

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