Cos 359 — Appointment of Official Liquidator

Companies Act, 2013

Statutory text

(1) For the purposes of this Act, so far as it relates to the winding  up  of  companies  by  the Tribunal,  the  Central  Government  may  appoint  as  many  Official Liquidators, Joint, Deputy or Assistant Official Liquidators as it may consider necessary to discharge the functions of the Official Liquidator.

(2)  The  liquidators  appointed  under  sub-section (1)  shall  be  whole-time  officers  of  the  Central Government.
(3) The salary and other allowances of the Official Liquidator, Joint Official Liquidator, Deputy Official Liquidator and Assistant Official Liquidator shall be paid by the Central Government.

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