Company liquidator appointments require tribunal selection from registered insolvency professionals, fee terms, and mandatory conflict disclosures. The Tribunal must appoint an Official Liquidator or a Company Liquidator from registered insolvency professionals when ordering winding up, and may appoint a provisional liquidator whose powers can be limited by order. The Tribunal specifies terms, conditions and fees based on required tasks, experience, qualifications and company size. Appointed provisional liquidators or Company Liquidators must file a prescribed declaration within seven days disclosing conflicts of interest or lack of independence, and this disclosure obligation continues for the term of 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.
Company liquidator appointments require tribunal selection from registered insolvency professionals, fee terms, and mandatory conflict disclosures.
The Tribunal must appoint an Official Liquidator or a Company Liquidator from registered insolvency professionals when ordering winding up, and may appoint a provisional liquidator whose powers can be limited by order. The Tribunal specifies terms, conditions and fees based on required tasks, experience, qualifications and company size. Appointed provisional liquidators or Company Liquidators must file a prescribed declaration within seven days disclosing conflicts of interest or lack of independence, and this disclosure obligation continues for the term of appointment.
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