2021 (4) TMI 835

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....ee years or such further period as may be directed by Hon'ble High Court in this regard. B. The Hon'ble Court may please to increase the Salary of Company Secretaries who are presently working with the office of Official Liquidator and further permitted to pay monthly salary from fund available with the office of official Liquidator under the head "Company paid staff salary Reserve Fund" of Common pool Account of various companies in liquidation. C. The Hon'ble Court may be pleased to amend Clause VIII of the Scheme of Company Secretaries as mentioned at para 6 of this report." 3. Record indicates that, vide order dated 27.10.2010 passed in OLR No. 119 of 2010 has approved the Scheme for appointment of Company secretaries and Trainee C....

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....pursuant to enactment of Companies Act, 2013 and establishment of Hon'ble NCLT as an alternative mechanism for Insolvency resolution, the Ministry of Corporate Affairs, is emphasizing speedy dissolution of the companies under liquidation. The office has also benefited in the past by employing Company Secretaries for the smooth functioning of the office work and also give the good exposure in the area of winding up of Companies under the provision of Companies Act, 1956 and court compliance related work to the Company Secretaries about the functioning the office of official Liquidator as well as implementation of MCA-21 e-governance project. It also indicates that terms of engagement of Company Secretaries is going to expire on 30.04.2021. T....