Companies Act, 1956
Section - 512 - Powers and duties of liquidator in voluntary winding up
Powers and duties of liquidator in voluntary winding up.512. (1) The liquidator may,— (a) in the case of a members’ voluntary winding up, with the sanction of a special resolution of the company, and in the case of a creditors’ voluntary winding up, with the sanction of the [Tribunal] or, the committee of inspection or, if there is no such committee, of a meeting of the creditors, exercise any of the powers given by [clauses (a) to (d) of sub-section (1)] of to a liquidator in a winding up by the [Tribunal]; (b) without the sanction referred to in clause (
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