https://www.taxtmi.com/caselaws?id=97872 The three-year limitation in section 235(1) runs from the first appointment of an official liquidator after the winding-up order, not from a provisional appointment under section 175(2); starting limitation from provisional appointments would defeat the statutory scheme and preclude post-winding investigations. Persons not themselves promoters, directors, managers, liquidators or officers of the company cannot be proceeded against under section 235(1) for acts of another; heirs or legal representatives are not liable derivatively. Claims for contractual adjustments (salary and commission) were unsupported on the record and were rightly rejected, leaving the judge's apportionment intact. en-us Wed, 24 May 1961 00:00:00 +0530 Wed, 18 Jan 2012 14:23:10 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=97872 The three-year limitation in section 235(1) runs from the first appointment of an official liquidator after the winding-up order, not from a provisional appointment under section 175(2); starting limitation from provisional appointments would defeat the statutory scheme and preclude post-winding investigations. Persons not themselves promoters, directors, managers, liquidators or officers of the company cannot be proceeded against under section 235(1) for acts of another; heirs or legal representatives are not liable derivatively. Claims for contractual adjustments (salary and commission) were unsupported on the record and were rightly rejected, leaving the judge's apportionment intact. Case-Laws Companies Law Wed, 24 May 1961 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=97872