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TypeBare Act JurisdictionCentral Government

Companies (Second Amendment) Act, 2002 Section 90

Substitution of New Section for Section 515

~1 min read
https://sooperkanoon.com/act/45289

Bare act section · Research

About this section

Companies (Second Amendment) Act, 2002 Section 90 is part of Companies (Second Amendment) Act, 2002 - Substitution of New Section for Section 515. Read the section text below and explore Indian court judgments that cite it.

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Section Text

For section 515 of the principal Act, the following section shall be substituted, namely:--

"515. Power of Tribunal to appoint and remove liquidator in voluntary winding up.-- (1) If from any cause whatever, there is no liquidator acting, the Tribunal may appoint the Official Liquidator or any other person as a liquidator.

(2) The Tribunal may, on cause shown, remove a liquidator and appoint the Official Liquidator or any other person as a liquidator in place of the removed liquidator.

(3) The Tribunal may also appoint or remove a liquidator on the application made by the Registrar in this behalf.

(4) If the Official Liquidator is appointed as liquidator under the proviso to sub-section (2) of section 502 or under this section, the remuneration to be paid to him shall be fixed by the Tribunal and shall be credited to the Central Government.".

Frequently asked questions

What does Companies (Second Amendment) Act, 2002 Section 90 provide?

Section Section 90 of the Companies (Second Amendment) Act, 2002 (Substitution of New Section for Section 515) is reproduced on this page as part of the Companies (Second Amendment) Act, 2002. Lawyers and researchers use it to read the statutory wording before checking how courts have applied this section in reported judgments.

How do I find judgments on Companies (Second Amendment) Act, 2002 Section 90?

Open “Find citing judgments” on this page to search Supreme Court, High Court, and tribunal decisions that reference Companies (Second Amendment) Act, 2002 Section 90. Advanced act search can narrow results by court, year, or additional act filters.

Is the section text on SooperKanoon official?

SooperKanoon hosts bare act text for research and quick reference. For filings or compliance in Central, confirm the wording against the official state gazette or authorized publication.

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