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of <h1>Section 275 of Companies Act: Tribunal Appoints Liquidators for Company Winding Up, Ensures Conflict-Free and Experienced Professionals.</h1> Section 275 of the Companies Act, 2013, outlines the appointment of liquidators for winding up a company by the Tribunal. The Tribunal appoints an Official Liquidator or a liquidator from a panel of registered insolvency professionals under the Insolvency and Bankruptcy Code, 2016. The Tribunal can limit the powers of a provisional liquidator, who otherwise holds the same powers as a liquidator. The Tribunal specifies the terms, conditions, and fees for liquidators based on the task, experience, and company size. Appointed liquidators must declare conflicts of interest within seven days and maintain this obligation throughout their term.
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