Section 386: Appointment of voluntary liquidator as official liquidator in certain cases
The Companies Act, 2017 · Federal Acts · in_force
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386. Appointment of voluntary liquidator as official liquidator in certain cases.—Where an order has been made for the winding up of a company subject to supervision, and an order is afterwards made for winding up by the Court, the Court shall by the last mentioned order, appoint the voluntary liquidator, either provisionally or permanently, and either with or without the addition of any other person, to be official liquidator in the winding up by the Court.
Effective date: 2017-05-30
Related sections
Section 385: Effects of supervision orderSection 387: Status of companies being wound upSection 384: Power to replace liquidatorSection 388: Debts of all description to be provedSection 383: Court may have regard to the wishes of creditors and contributoriesSection 389: Application of insolvency rules in winding up of insolvent companies
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