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Rating: 2 votes, 4.50 average.

CIC to define status of official liquidator

Posted 06-15-2008 at 11:38 PM by bahl_ajay
Updated 06-16-2008 at 12:47 AM by kushal
TIMES NEWS NETWORK 15 June 2008
New Delhi: Is the official liquidator — an authority that liquidates assets of companies and divides the stakes between the rightful owners — a public authority?
In a decision that is likely to affect corporates, the Central Information Commission (CIC) will be conducting a full bench hearing to resolve the matter.

The commission has called upon corporate law houses and issued notices to the ministries of law and corporate affairs to submit...
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