On the appointment of a liquidator, all the powers of the Board of directors and secretaries and treasurers and manager if there be any of these, shall cease, except for the purpose of giving notice of such appointment to the Registrar in pursuance of section 40 or in so far as the corporation in general meeting or the liquidator may sanction the continuance thereof.
Section 47: Board’s powers to cease on appointment of liquidator
The Maharashtra Non-trading Corporations ActState Act of Maharashtra · Act 26 of 1959
Where this provision sits
| Act | The Maharashtra Non-trading Corporations Act |
|---|---|
| Section | 47 |
| Marginal note | Board’s powers to cease on appointment of liquidator |
| Jurisdiction | State of Maharashtra |
| Status | In force as published by the source |
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