Section 384: Power to replace liquidator
The Companies Act, 2017 · Federal Acts · in_force
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384. Power to replace liquidator.—Where an order is made for winding up subject to supervision, the Court may on an application by any creditor or contributory or the registrar or a person authorised by the Commission in this behalf, replace the liquidator who shall have the same powers, be subject to the same obligations and in all respects stand in the same position as if he had been appointed by the company.
Effective date: 2017-05-30
Related sections
Section 383: Court may have regard to the wishes of creditors and contributoriesSection 385: Effects of supervision orderSection 382: Effect of petition for winding up subject to supervisionSection 386: Appointment of voluntary liquidator as official liquidator in certain casesSection 381: Power to order winding up subject to supervisionSection 387: Status of companies being wound up
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