Question

As per Section 275 of the Companies Act, 2013, Company Secretaries have been recognized to be appointed as _____ from a panel to be maintained by the Central Government.

• A. Financial Liquidator or Company Liquidato
• B. Provisional Liquidator or Company Liquidator
• C. Provisional Liquidator or Financial Liquidator
• D. Both (a) and (b)

Answer 1

Answer: (B)

Provisional Liquidator or Company Liquidator

As per section 275 (2), the provisional liquidator or the Company Liquidator, as the case may be, shall be appointed from a panel maintained by the Central Government consisting of the names of chartered accountants, advocates, company secretaries, cost accountants or firms or bodies corporate having such chartered accountants, advocates, company secretaries, cost accountants and such other professionals as may be notified by the Central Government or from a firm or a body corporate of persons having a combination of such professionals as may be prescribed and having at least ten years‘ experience in company matters.