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Removal and replacement of liquidator, etc.

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Full Text of the Document

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....inted from the panel on any of the following grounds, namely:- (a) misconduct, (b) fraud or misfeasance, (c) professional incompetence or failure to exercise due care and diligence in performance of the powers and functions, (d) inability to act as liquidator, (e) conflict of interest or lack of independence during the term of his appointment. (2) If....