Audit of liquidator's accounts enables members or creditors to appoint an auditor and fix its fees. In a members' voluntary winding-up the company in general meeting may appoint an auditor to audit the liquidator's accounts and shall fix the fees to be paid; in a creditors' voluntary winding-up the creditors may likewise appoint an auditor to audit the liquidator's accounts and fix the auditor's remuneration.
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.
Audit of liquidator's accounts enables members or creditors to appoint an auditor and fix its fees.
In a members' voluntary winding-up the company in general meeting may appoint an auditor to audit the liquidator's accounts and shall fix the fees to be paid; in a creditors' voluntary winding-up the creditors may likewise appoint an auditor to audit the liquidator's accounts and fix the auditor's remuneration.
Full Summary is available for active users!
Note: It is a system-generated summary and is for quick reference only.