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of <h1>Section 359 empowers Central Government to appoint full-time Official Liquidators and staff, funded entirely by government</h1> Section 359 of the Companies Act, 2013 authorizes the Central Government to appoint as many Official Liquidators, including Joint, Deputy, or Assistant Official Liquidators, as necessary for winding up companies by the Tribunal. These liquidators are mandated to be whole-time officers of the Central Government, ensuring their exclusive engagement in official duties. Their salary and other allowances are to be paid by the Central Government, confirming their status as government employees and centralizing financial responsibility. The provision thus establishes a government-controlled framework for administering corporate liquidations through designated public officers.
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