Eligibility for appointment as liquidator

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..... director of the insolvency professional entity of which he is a partner or director is independent of the corporate person: Explanation : A person shall be considered independent of the corporate person, if he- (a) is eligible to be appointed as an independent director on the board of the corporate person under section 149 of the Companies Act, 2013 (18 of 2013), where the corporate perso .....

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..... takeholders as soon as he becomes aware of it, to the Board and the Registrar. (4) An insolvency professional shall not continue as a liquidator if the insolvency professional entity of which he is a director or partner, or any other partner or director of such insolvency professional entity represents any other stakeholder in the same liquidation. ********* Notes 1. Substitut .....

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