Amended and updated notes on section 291 of Companies Act 2013. Detail discussion on provisions and rules related to provision for professional assistance to Company Liquidator.
Chapter XX (Section 270–365) of the Companies Act, 2013 (CA 2013) deals with the provisions related to winding up. Section 291 of CA 2013 provides for provision for professional assistance to Company Liquidator.
Recently, we have discussed in detail section 290 (Powers and duties of Company Liquidator) of CA 2013. Today, we learn the provisions of section 291 of the Companies Act 2013.
The provisions of section 291 are effective from 15th December, 2016. You may refer Notification No. S.O. 3677(E) issued dated 7-12-2016. In this article, you will learn detail of the provisions of section 291 the Companies Act 2013.
| Name of Act | The Companies Act 2013 |
|---|---|
| Enacted by | Parliament of India |
| Administered by | Ministry of Corporate Affairs (MCA) |
| Number of Chapters | 29 |
| Number of Sections | 484 (470-43+57) |
| Number of Schedules | 7 |
| You are reading: | |
| Chapter No. | XX |
| Chapter Name | Winding Up |
| Section No. | 291 |
| Section Name | Provision for professional assistance to Company Liquidator |
| Monthly Updated Edition | Company Law PDF |
Section 291 of Companies Act 2013: Provision for professional assistance to Company Liquidator
Section 291 shall come into force on 15th December, 2016 vide Notification No. S.O. 3677(E) dated 07.12.2016.
(1) The Company Liquidator may, with the sanction of the Tribunal, appoint one or more chartered accountants or company secretaries or cost accountants or legal practitioners or such other professionals on such terms and conditions, as may be necessary, to assist him in the performance of his duties and functions under this Act.
(2) Any person appointed under this section shall disclose forthwith to the Tribunal in the prescribed form any conflict of interest or lack of independence in respect of his appointment.