Companies Act, 1956
Section - 505 - Board’s powers to cease on appointment of liquidator
Board’s powers to cease on appointment of liquidator.505. On the appointment of a liquidator, all the powers of the Board of directors shall cease, except in so far as the committee of inspection, or if there is no such committee, the creditors in general meeting, may sanction the continuance thereof. .... To read the full section download the app from Google Play store
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