Company liquidator may appoint professionals with tribunal sanction and must disclose any conflicts in the prescribed form. Section 291 authorises the Company Liquidator, with the sanction of the Tribunal, to appoint chartered accountants, company secretaries, cost accountants, legal practitioners or other professionals on necessary terms to assist in performing duties under the Act. Appointees must forthwith disclose to the Tribunal, in the prescribed form, any conflict of interest or lack of independence in respect of their 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 may appoint professionals with tribunal sanction and must disclose any conflicts in the prescribed form.
Section 291 authorises the Company Liquidator, with the sanction of the Tribunal, to appoint chartered accountants, company secretaries, cost accountants, legal practitioners or other professionals on necessary terms to assist in performing duties under the Act. Appointees must forthwith disclose to the Tribunal, in the prescribed form, any conflict of interest or lack of independence in respect of their appointment.
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