section 50
Winding up by Registrar
The Bombay Non-Trading Corporations Act, 1959General195968 sections
Statutory text
- (1) If the Registrar, after the affairs of a corporation are investigated under section 63 or on receipt of a special resolution of a corporation resolving that the corporation be wound up by the Registrar, is of opinion that a corporation be wound up he may issue an order directing it to be wound up and when necessary, may appoint a liquidator for the purpose and fix his remuneration.
- (2) The liquidator appointed under sub-section
- (1) shall have power, with the sanction of the Registrar, to do all or any of the things specified in section 48.
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