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        Companies Law

        Rule 114 - Official Liquidator to take charge of assets and books and papers of company.

        Company Court Rules, 1959
        Chapter 01

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        Official Liquidator custody of company assets requires immediate seizure and delivery of books, papers and property. On a winding-up order the Official Liquidator attached to the Court shall forthwith take into his custody or under his control all the property and effects and the books and papers of the company, and all persons having custody of any of those properties, books and papers must deliver possession to the Official Liquidator.
                          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.

                              Official Liquidator custody of company assets requires immediate seizure and delivery of books, papers and property.

                              On a winding-up order the Official Liquidator attached to the Court shall forthwith take into his custody or under his control all the property and effects and the books and papers of the company, and all persons having custody of any of those properties, books and papers must deliver possession to the Official Liquidator.


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