What is Notice of appointment of Company Liquidator to be given to Registrar What is Cessar of Board's powers on appointment of Company Liquidator Section 312 and 313 of Indian Companies Act 2013

Notice of appointment of Company Liquidator to be given to Registrar and Cesser of Board's powers on appointment of Company Liquidator are defined under Section 312 and 313 of Indian Companies Act 2013. Provisions under these Sections are:

Section 312 of Indian Companies Act 2013 "Notice of appointment of Company Liquidator to be given to Registrar"

(1) The company shall give notice to the Registrar of the appointment of a Company Liquidator along with the name and particulars of the Company Liquidator, of every vacancy occurring in the office of Company Liquidator, and of the name of the Company Liquidator appointed to fill every such vacancy within ten days of such appointment or the occurrence of such vacancy.

Punishment for violation of Section 312 of Companies Act 2013 regarding notice of appointment of company liquidator to Registrar of Companies

(2) If a company contravenes the provisions of sub-section (1), the company and every officer of the company who is in default shall be punishable with fine which may extend to five hundred rupees for every day during which such default continues.

Section 313 of Indian Companies Act 2013 "Cesser of Board's powers on appointment of Company Liquidator"

On the appointment of a Company Liquidator, all the powers of the Board of Directors and of the managing or whole-time directors and manager, if any, shall cease, except for the purpose of giving notice of such appointment of the Company Liquidator to the Registrar.

 

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