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    <title>Company Liquidators and their appointments.</title>
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    <description>The Tribunal shall appoint an Official Liquidator or a Company Liquidator from a Central Government panel when passing a winding up order; the panel comprises specified professionals or firms meeting prescribed experience and qualifications. The Tribunal may limit a provisional liquidator&#039;s powers but otherwise a provisional liquidator has the same powers as a liquidator. The Central Government may remove panel names for misconduct after a reasonable opportunity to be heard. The Tribunal fixes terms, conditions and fees, and appointees must file a prescribed declaration within seven days disclosing conflicts of interest and lack of independence, continuing throughout the appointment.</description>
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    <pubDate>Thu, 22 Dec 2011 18:06:02 +0530</pubDate>
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      <description>The Tribunal shall appoint an Official Liquidator or a Company Liquidator from a Central Government panel when passing a winding up order; the panel comprises specified professionals or firms meeting prescribed experience and qualifications. The Tribunal may limit a provisional liquidator&#039;s powers but otherwise a provisional liquidator has the same powers as a liquidator. The Central Government may remove panel names for misconduct after a reasonable opportunity to be heard. The Tribunal fixes terms, conditions and fees, and appointees must file a prescribed declaration within seven days disclosing conflicts of interest and lack of independence, continuing throughout the appointment.</description>
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      <pubDate>Thu, 22 Dec 2011 18:06:02 +0530</pubDate>
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