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of <h1>Section 311 Companies Act: rules on removing and replacing voluntary winding up liquidator, now omitted after Insolvency Code.</h1> Section 311 of the Companies Act, 2013, formerly governed the removal and replacement of a Company Liquidator in voluntary winding up. A liquidator appointed under section 310 could be removed by the company or, where applicable, by creditors, after written notice specifying grounds and an opportunity to respond. Removal required approval of three-fourths in value of members or creditors in a meeting, upon which the liquidator was obliged to vacate office. Any vacancy arising through death, resignation, removal, or otherwise was to be filled by the company or creditors under section 310 procedures. This provision has been omitted pursuant to the Insolvency and Bankruptcy Code, 2016.
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