Official Liquidator powers: may exercise company liquidator functions and conduct inquiries when formally directed by competent authority as prescribed. The Official Liquidator shall exercise powers and perform duties as prescribed by the Central Government, may exercise all or any powers of a Company Liquidator under the Act, and may conduct inquiries or investigations in respect of matters arising out of winding up proceedings when directed by the Tribunal or 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.
Official Liquidator powers: may exercise company liquidator functions and conduct inquiries when formally directed by competent authority as prescribed.
The Official Liquidator shall exercise powers and perform duties as prescribed by the Central Government, may exercise all or any powers of a Company Liquidator under the Act, and may conduct inquiries or investigations in respect of matters arising out of winding up proceedings when directed by the Tribunal or the Central Government.
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