Liquidator remuneration must be fixed by the company and cannot be increased under any circumstances. Section 490 requires the company in general meeting to appoint one or more liquidators to wind up affairs and distribute assets and to fix their remuneration; any remuneration so fixed cannot be increased in any circumstances, and a liquidator shall not take charge of office until remuneration has been fixed.
Cases where this provision is explicitly mentioned in the judgment/order text; may not be exhaustive. To view the complete list of cases mentioning this section, Click here.
Provisions expressly mentioned in the judgment/order text.
Liquidator remuneration must be fixed by the company and cannot be increased under any circumstances.
Section 490 requires the company in general meeting to appoint one or more liquidators to wind up affairs and distribute assets and to fix their remuneration; any remuneration so fixed cannot be increased in any circumstances, and a liquidator shall not take charge of office until remuneration has been fixed.
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