Amendment status not verified — confirm the current text below against the official source.
(1) When any companies is being wound up whether underthe orders of a court or Tribunal or otherwise, every person 31 of 2016 Liability incase appointed as receiver of any assets of a company of company (hereafter in this section referred to as the inliquidation "liquidator"), shall, within thirty days after his appointment, give intimation of his appointment to the Commissioner. (2) Where the transferee of a business referred to in sub-section (1) carries on such business either in his own name or in some other name, he shall be liable to pay tax on the supply of goods or services or both effected by him with effect from the date of such transfer and shall, if he is a registered person under his Act, apply within the prescribed time for amendment of his certificate of registration.