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..... ermined from time to time by the company or the creditors, as the case may be. (2) The Company Liquidator shall settle the list of contributories, which shall be prima facie evidence of the liability of the persons named therein to be contributories. (3) The Company Liquidator shall call general meetings of the company for the purpose of obtaining the sanction of the company by ordinary or spe .....

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..... mpany and shall adjust the rights of the contributories among themselves. (7) The Company Liquidator shall observe due care and diligence in the discharge of his duties. (8) If the Company Liquidator fails to comply with the provisions of this section except sub-section (5) he shall be punishable with fine which may extend to ten lakh rupees." -
Statute, statutory provisions legislat .....

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