Section - 491 - Board’s powers to cease on appointment of liquidator
Board’s powers to cease on appointment of liquidator.491. On the appointment of a liquidator, all the powers of the Board of directors and of the managing or whole-time directors [***] and manager, if there be any of these, shall cease, except for the purpose of giving notice of such appointment to the Registrar in pursuance of or in so far as the company in general meeting or the liquidator may sanction the continuance thereof.
39. Words ", managing agent, secretaries and treasurers," omitted by the Companies (Amendment) Act, 2000, w.e.f. 13-12-2000.
Notice of appointment of liquidator to be given to Registrar.493. (1) The company shall give notice to the Registrar of the appointment of a liquidator or liquidators made by it, under , of every vacancy occurring in the office of liquidator, and of the name of the liquidator or liquidators appointed to fill every such vacancy under .(2) The notice aforesai .... To read the full section download the app from Google Play store
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