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Professional assistance to company liquidator requires tribunal sanction and immediate disclosure of conflicts and independence issues. A Company Liquidator may, with the sanction of the Tribunal, appoint chartered accountants, company secretaries, cost accountants, legal practitioners or other professionals on necessary terms to assist in performing duties; any appointee must promptly disclose to the Tribunal, in the prescribed form, any conflict of interest or lack of independence.
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.
<h1>Professional assistance to company liquidator requires tribunal sanction and immediate disclosure of conflicts and independence issues.</h1> A Company Liquidator may, with the sanction of the Tribunal, appoint chartered accountants, company secretaries, cost accountants, legal practitioners or other professionals on necessary terms to assist in performing duties; any appointee must promptly disclose to the Tribunal, in the prescribed form, any conflict of interest or lack of independence.
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