Appointment of Official Liquidator: sets eligible appointees, remuneration approval and Tribunal oversight in winding up. Appointment of an Official Liquidator for Tribunal windings up may be from a Central Government panel of professional firms, a body corporate of approved professionals, or a Central Government appointed officer; Tribunal may consider secured creditors' and workmen's views. Tribunal approves terms and remuneration for panel or body corporate appointees, while terms for government officers and deputies follow Central Government rules. Remuneration forms part of the winding up order and is a first charge on asset realisations. The Official Liquidator conducts winding up and the Tribunal may transfer, remove, or proceed for professional misconduct against the Official Liquidator.