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        Companies Law

        Section 359 - Appointment of Official Liquidator

        Companies Act, 2013
        Part IV
        Official liquidators

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        Appointment of Official Liquidators: Central Government appoints whole-time officers and pays their salaries for tribunal windings. Section 359 empowers the Central Government to appoint Official Liquidators, including Joint, Deputy or Assistant Official Liquidators, for winding up of companies by the Tribunal. Those appointees are whole-time officers of the Central Government, and their salary and allowances are to be paid by the Central Government.
                        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.

                            Appointment of Official Liquidators: Central Government appoints whole-time officers and pays their salaries for tribunal windings.

                            Section 359 empowers the Central Government to appoint Official Liquidators, including Joint, Deputy or Assistant Official Liquidators, for winding up of companies by the Tribunal. Those appointees are whole-time officers of the Central Government, and their salary and allowances are to be paid by the Central Government.


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