Section 506 – The Companies Act,1956

The Companies Act, 1956

506. Power to fill vacancy in office of liquidator.

If a vacancy occurs by death, resignation or otherwise, in the office of a liquidator (other than a liquidator appointed by, or by the direction of, the 1[Tribunal]), the creditors in general meeting may fill the vacancy.

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1. Subs. by Act 11 of 2003, sec. 86, for “Court”.

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The Companies Act, 1956

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