https://www.taxtmi.com/acts?id=14102 Fees payable from company assets in winding-up are prescribed for the Official Liquidator and must be credited to the Central Government. The Court may order reasonable fees for a Provisional Liquidator. In court windings-up, a sliding scale applies to annual realisations and half that scale to distributions to contributories and creditors; the same scale governs collections for debenture holders and a distinct higher scale applies for realisations for other secured creditors. The Court may allow trustee fees up to the main scale, fix fees for special duties or creditors' voluntary windings-up, fix fees for additional liquidators, and reduce fees where reconstruction or excessiveness warrants. en-us Tue, 31 May 2011 15:06:37 +0530 Mon, 17 Jun 2024 12:19:19 +0530 TaxTMI RSS Generator https://www.taxtmi.com/acts?id=14102 Fees payable from company assets in winding-up are prescribed for the Official Liquidator and must be credited to the Central Government. The Court may order reasonable fees for a Provisional Liquidator. In court windings-up, a sliding scale applies to annual realisations and half that scale to distributions to contributories and creditors; the same scale governs collections for debenture holders and a distinct higher scale applies for realisations for other secured creditors. The Court may allow trustee fees up to the main scale, fix fees for special duties or creditors' voluntary windings-up, fix fees for additional liquidators, and reduce fees where reconstruction or excessiveness warrants. Act-Rules Companies Law Tue, 31 May 2011 15:06:37 +0530 https://www.taxtmi.com/acts?id=14102