Bare ActsCompanies Act, 1956

Section 458

Discretion of liquidator

Amendment status not verified — confirm the current text below against the official source.

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

Section 458 – Companies Act, 1956 | DailyLaw.ai