Body corporate not to be appointed as liquidator.

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Full Text of the Document

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....ection (1) shall be void.      (3) Any body corporate which acts as liquidator of a company, and every director ^[1][* * *] or a manager thereof, shall be punishable with fine which may extend to ^[2][ten thousand rupees]: ^[3][Provided that, notwithstanding anything contained in any other law for the time being in force a body corporate consisting of such professionals a....