TMI BlogPowers and duties of Company LiquidatorX X X X Extracts X X X X X X X X Extracts X X X X ..... necessary for the beneficial winding up of the company; (b) to do all acts and to execute, in the name and on behalf of the company, all deeds, receipts and other documents, and for that purpose, to use, when necessary, the company's seal; (c) to sell the immovable and movable property and actionable claims of the company by public auction or private contract, with power to transfer such prope ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... ance, as a separate debt due from the insolvent, and rateably with the other separate creditors; (j) to draw, accept, make and endorse any negotiable instruments including cheque, bill of exchange, hundi or promissory note in the name and on behalf of the company, with the same effect with respect to the liability of the company as if such instruments had been drawn, accepted, made or endorsed by ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... Company Liquidator is unable to do himself; (m) to take all such actions, steps, or to sign, execute and verify any paper, deed, document, application, petition, affidavit, bond or instrument as may be necessary, (i) for winding up of the company; (ii) for distribution of assets; (iii) in discharge of his duties and obligations and functions as Company Liquidator; and (n) to apply to the Tribunal ..... X X X X Extracts X X X X X X X X Extracts X X X X
|