Liability in case of company in liquidation

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..... the receiver of any assets of a company (hereinafter referred to as the "liquidator"); shall, within one month after he has become such liquidator, give notice of his appointment as such to the Commissioner. (2) The Commissioner shall, after making such inquiries or calling for such information as he may deem fit, notify the liquidator within three months from the date on which he recei .....

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..... liance with any order of a court or for the purpose of the payment of the tax and penalty, if any, payable by the company under this Act or for making any payment to secured creditors whose debts are entitled under law to priority of payments over debts due to government on the date of liquidation or for meeting such costs and expenses of the winding up of the company as are in the opinion of the .....

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..... to a liquidator under this section shall attach to all the liquidators jointly and severally. (6) When any private company is wound up and any tax and penalty, if any, assessed under this Act on the company for any period, whether before or in the course of or after its liquidation, cannot be recovered, then every person who was a director of the private company at any time during the pe .....

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