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The Companies Act, 1956

Winding Up (Section 425 to 560)

Section 506 Power to fill vacancy in office of liquidator.

Section 506 Power to fill vacancy in office of liquidator.

If a vacancy occurs by death, resignation or otherwise, in the office of a liquidator other than a liquidator appointed by, or by the direction of, the Tribunal, the creditors in general meeting may fill the vacancy.