Companies Act, 2013

Section - 290 - Powers and duties of Company Liquidator

Powers and duties of Company Liquidator.

290. (1) Subject to directions by the Tribunal, if any, in this regard, the Company Liquidator, in a winding up of a company by the Tribunal, shall have the power-

(a)- to carry on the business of the company so far as may be 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 property to any person or body corporate, or to sell the same in parcels;
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