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 ... Summary
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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