Section 358 of the Companies Act, 2013
Section 358 of the Companies Act, 2013 relates to the appointment of Official Liquidator in the case of winding up by the Tribunal.
📘 Section 358 – Appointment of Official Liquidator
Key Provisions:
Central Government's Power:
The Central Government shall appoint Official Liquidators as officers to be attached to the Tribunal.
Purpose:
These Official Liquidators are appointed for the purpose of winding up companies by the Tribunal under the Act.
Scope of Appointment:
An Official Liquidator may be:
Appointed for a specific case, or
Serve in a general capacity attached to one or more Tribunals.
⚖️ Objective:
To provide for the efficient and structured handling of company liquidation processes through qualified officers under the supervision of the Tribunal.
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