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Introducing the “In Favour Of” filter in Case Laws.
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of <h1>Board Powers Cease Upon Liquidator Appointment, Continue Only for Registrar Notification or With Company/Liquidator Sanction Per Section 493.</h1> Upon the appointment of a liquidator, all powers of the Board of Directors and managing or whole-time directors, as well as any manager, are terminated. These powers may only continue if necessary for notifying the Registrar of the liquidator's appointment, as required by section 493, or if sanctioned by the company in a general meeting or by the liquidator.
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