TMI BlogAppointment of Official Liquidator.X X X X Extracts X X X X X X X X Extracts X X X X ..... ional firms of chartered accountants, advocates, company secretaries, costs and works accountants or firms having a combination of these professions, which the Central Government shall constitute for the Tribunal; or (b) may be a body corporate consisting of such professionals as may be approved by the Central Government from time to time; or (c) may be a whole-time or a part-time of ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... lause (c) of sub-section (1), the Central Government may also appoint, if considered necessary, one or more Deputy Official Liquidators or Assistant Official Liquidators to assist the Official Liquidator in the discharge of his functions, and the terms and conditions for the appointment of such Official Liquidators and the remuneration payable to them shall also be in accordance with the rules mad ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... ___ (a) transfer the work assigned from one Official Liquidator to another Official Liquidator for the reasons to be recorded in writing; (b) remove the Official Liquidator on sufficient cause being shown; (c) proceed against the Official Liquidator for professional misconduct.] --------------------------------------------- Notes:- [1] Substituted by the ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... on as the Central Government may, by notification in the Official Gazette appoint for the purpose, shall be the Official Liquidator attached to the District Court. 1 [(1A) The Central Government may appoint one or more Deputy or Assistant Official Liquidators to assist the Official Liquidator in the discharge of his functions.] (2) All references to the "Official Liquidator" ..... X X X X Extracts X X X X X X X X Extracts X X X X
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