Payment of CA fees when Common Pool Fund is barred requires court permission and committee approval for payment. Where funds cannot be drawn from the Common Pool Fund, Official Liquidators must obtain Court permission to appoint a Chartered Accountant, appoint a CA to issue the requisite certificate, and have fees and terms fixed by a Committee of the OL and ROC chaired by the RD. All fees must be approved following the GFR, selections must be made from a maintained list of local CAs/firm, and payments are to be charged to the budget head Office Expenses.
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.
Payment of CA fees when Common Pool Fund is barred requires court permission and committee approval for payment.
Where funds cannot be drawn from the Common Pool Fund, Official Liquidators must obtain Court permission to appoint a Chartered Accountant, appoint a CA to issue the requisite certificate, and have fees and terms fixed by a Committee of the OL and ROC chaired by the RD. All fees must be approved following the GFR, selections must be made from a maintained list of local CAs/firm, and payments are to be charged to the budget head Office Expenses.
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