Section 312- Notice of appointment of Company Liquidator to be given to Registrar. [Corresponds to Section 493 of the Companies Act, 1956]
Prior to Omission w.e.f 15.11.2016, Section 312 read as under:
Section 312- Notice of appointment of Company Liquidator to be given to Registrar.
(1) The company shall give notice to the Registrar of the appointment of a Company Liquidator along with the name and particulars of the Company Liquidator, of every vacancy occurring in the office of Company Liquidator, and of the name of the Company Liquidator appointed to fill every such vacancy within ten days of such appointment or the occurrence of such vacancy.
(2) If a company contravenes the provisions of sub-section (1), the company and every officer of the company who is in default shall be punishable with fine which may extend to five hundred rupees for every day during which such default continues.