Companies Act, 2017

PART-VI

RECEIVERS AND MANAGERS

Companies Act, 2017 PART-VI RECEIVERS AND MANAGERS From: 2023-11-01 - To: 0000-00-00 117. Power of Court to fix remuneration of receiver or manager.- (1) The Court may, on an application made to it by the receiver or manager of the property, by order fix the amount to be paid by way of remuneration to any person who, under the power contained in an instrument, has been appointed as receiver or manager of the company’s property: Provided that the amount of remuneration shall not exceed such limits as may be 1[specified]. (2) The power of the Court under sub-section (1) shall, where no previous order has been made with respect thereto- (a) extend to fixing the remuneration for any period before the making of the order or the application therefore; (b) be exercisable notwithstanding that the receiver or manager had died or ceased to act before the making of the order or the application therefore; and (c) where the receiver or manager has been paid or has retained for his remuneration for any period before the making of the order any amount in excess of that so fixed for that period, extend to requiring him or his representative to account for the excess or such part thereof as may be…