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Eligibility for appointment as liquidator

Regulation 6 - Regulation - APPOINTMENT AND REMUNERATION OF LIQUIDATOR - Insolvency and Bankruptcy - Regulation 6 - 6. (1) An insolvency professional shall be eligible to be appointed as a liquidator if he, and every partner or director of the insolv .....

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the board of the corporate person under section 149 of the Companies Act, 2013 (18 of 2013), where the corporate person is a company; (b) is not a related party of the corporate person; or (c) has not been an employee or proprietor or a partner- (i) .....

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firm, at any time in the last three years. (2) An insolvency professional shall not be eligible to be appointed as a liquidator if he, or the insolvency professional entity of which he is a partner or director is under a restraint order of the Board. .....

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