Removal of Company Liquidator: written notice, reply and meeting decision determine removal and vacancy replacement. Power to remove a Company Liquidator rests with the appointing body-company or creditors-and requires written notice stating grounds and an opportunity to reply; removal follows a meeting decision by the requisite qualified majority, after which the liquidator vacates office. Vacancies arising by death, resignation, removal or otherwise are filled by the company or creditors in the same manner as the original appointment.
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.
Removal of Company Liquidator: written notice, reply and meeting decision determine removal and vacancy replacement.
Power to remove a Company Liquidator rests with the appointing body-company or creditors-and requires written notice stating grounds and an opportunity to reply; removal follows a meeting decision by the requisite qualified majority, after which the liquidator vacates office. Vacancies arising by death, resignation, removal or otherwise are filled by the company or creditors in the same manner as the original appointment.
Full Summary is available for active users!
Note: It is a system-generated summary and is for quick reference only.
TaxTMI 
of 
TaxTMI 
