Business Studies

Write short answers for the following :
What are the duties of the Official Liquidator?


SOLUTION

Various duties are imposed on liquidators by the Companies Act and these include:

Duties of notice

Duty to keep certain financial and administrative records

Duty to hold certain meetings

Duty to provide information

Duty to examine the conduct of officers of the company

Duty to get in and distribute the property of the company.


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Subjective Medium Published on 18th 08, 2020
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