Statutory Meaning & Definition
A person appointed by NCLT between the filing of a winding up petition and the final winding up order to preserve and manage assets of the company. Has powers to carry on the business with NCLT permission.
Frequently Asked Questions (FAQs)
What is Provisional Liquidator in Indian corporate law?
A person appointed by NCLT between the filing of a winding up petition and the final winding up order to preserve and manage assets of the company. Has powers to carry on the business with NCLT permission.
Why is Provisional Liquidator important for compliance?
Provisional 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 Provisional Liquidator?
Provisional 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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