Companies Act, 2017

PART-X

OFFICIAL LIQUIDATORS

From: 2023-11-01 - To: 0000-00-00 316. Removal of official liquidator.- (1) The Court may, on a reasonable cause being shown including but not limited to lack of independence or lack of impartiality, remove the provisional manager or the official liquidator, as the case may be, on any of the following grounds, namely:- (a) misconduct; (b) fraud or misfeasance; (c) professional incompetence or failure to exercise due care and diligence in performance of the powers and functions; (d) inability to act as provisional manager or official liquidator, as the case may be; (e) conflict of interest…