Section 291: Provision for professional assistance to Company Liquidator
This section is for allowing the Company Liquidator to get professional help and ensuring those helpers are transparent about potential conflicts.
The section, clause by clause
What the section says
In plain terms
(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.
The Company Liquidator can appoint professionals like chartered accountants or company secretaries with the Tribunal's sanction to help with duties.
(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.
Anyone appointed to assist the Company Liquidator must immediately tell the Tribunal about any conflict of interest in the prescribed form.
The right-hand column is written from the section text, not quoted from it, and it has no legal force. Where the two differ, the left-hand column is the law.
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Reproduced from the official India Code print for reference. Check the current text on India Code before you rely on it, and read the section alongside its Rules. Nothing here is legal advice.