Section 313 of Companies Act, 2013 – Cesser of Board's powers on appointment of Company Liquidator

  • Updated Till : March 31, 2020

SECTION 313. CESSER OF BOARD’S POWERS ON APPOINTMENT OF
COMPANY LIQUIDATOR

[Yet to be notified]

On the appointment of a Company Liquidator, all the powers of the Board of Directors and of the managing or whole-time directors and manager, if any, shall cease, except for the purpose of giving notice of such appointment of the Company Liquidator to the Registrar.

 

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