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Section 359: Appointment of Official Liquidator

The Companies Act, 2013Central Act · Act 18 of 2013

(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.

Where this provision sits

ActThe Companies Act, 2013
Section359
Marginal noteAppointment of Official Liquidator
JurisdictionCentral
StatusIn force as published by the source

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