Section 458 – The Companies Act,1956

The Companies Act, 1956

458. Discretion of liquidator.

The 1[Tribunal] may, by order, provide that the liquidator may exercise any of the powers referred to in sub-section (1) of section 457 without the sanction or intervention of the 1[Tribunal]:

Provided always that the exercise by the liquidator of such powers shall be subject to the control of the 1[Tribunal].

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1. Subs. by Act 11 of 2003, sec. 68, for “Court”.

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The Companies Act, 1956

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