Statutory Meaning & Definition
A government officer appointed by the Central Government under Section 359 of Companies Act 2013, attached to the High Court, to conduct the winding up of a company ordered by the NCLT under compulsory winding up proceedings.
Frequently Asked Questions (FAQs)
What is Official Liquidator in Indian corporate law?
A government officer appointed by the Central Government under Section 359 of Companies Act 2013, attached to the High Court, to conduct the winding up of a company ordered by the NCLT under compulsory winding up proceedings.
Why is Official Liquidator important for compliance?
Official Liquidator is adjudicated by the National Company Law Tribunal under the Companies Act, 2013 or IBC. Understanding this concept is essential for ensuring regulatory compliance, avoiding penalties, and making informed corporate decisions in India.
Who should know about Official Liquidator?
Official Liquidator is relevant for company secretaries, compliance officers, chartered accountants, corporate lawyers, board members, and all professionals dealing with NCLT regulatory matters in India.
Contextual Analysis & Regulatory Circulars
Recent analysis and regulatory updates related to NCLT:
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