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The Companies Act, 2013

Chapter XX - Winding Up (270 - 365)

Section 291- Provision for professional assistance to Company Liquidator.

Section 291 notified with effect from 15.12.2016 vide S.O. 3676 (E) dated 07.12.2016]

Section 291- Provision for professional assistance to Company Liquidator. [Corresponds to Section 459 of the Companies Act, 1956]

 (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.