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        Companies Law

        Section 515 - Power of Tribunal to appoint and remove liquidator in voluntary winding up.

        Companies Act, 1956
        Chapter VII
        WINDING UP

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        Power to appoint or remove liquidator: Tribunal may appoint Official Liquidator or others and fix remuneration. Power to appoint or remove a liquidator rests with the Tribunal in voluntary winding up; the Tribunal may appoint the Official Liquidator or any other person, remove a liquidator on cause shown and appoint a replacement, and may act on a Registrar's application. If the Official Liquidator is appointed under the relevant provisions, his remuneration shall be fixed by the Tribunal and credited to the Central Government.
                        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.

                            Power to appoint or remove liquidator: Tribunal may appoint Official Liquidator or others and fix remuneration.

                            Power to appoint or remove a liquidator rests with the Tribunal in voluntary winding up; the Tribunal may appoint the Official Liquidator or any other person, remove a liquidator on cause shown and appoint a replacement, and may act on a Registrar's application. If the Official Liquidator is appointed under the relevant provisions, his remuneration shall be fixed by the Tribunal and credited to the Central Government.


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