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of <h1>Section 310 Companies Act: rules for appointing voluntary winding up liquidator, creditor approval, fees and conflict disclosures</h1> Section 310 of the Companies Act, 2013, as omitted by the Insolvency and Bankruptcy Code, 2016, earlier governed appointment of a Company Liquidator in a voluntary winding up. It required the company, upon passing a voluntary winding-up resolution, to appoint a liquidator from a government panel and recommend the fee. Where creditors resolved to wind up, the appointment became effective only upon approval by a majority in value; failing approval, creditors could appoint another liquidator and fix the fee. The liquidator was mandated to file a declaration within seven days disclosing any conflict of interest or lack of independence, with a continuing disclosure obligation.
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