Cesser of Board's Powers on Appointment of Company Liquidator.
1[313. 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.]
Amendment
1. Omitted by vide MCA Notification number F.O. 3453 (E) Dated 15th November, 2016 |