of2016

101 (1) .W,hen any coin:vany is being wowid up whether under Y' the. 9!4?H; of, a cpllf!. 9r Tribunal· or: ?We?e. eyFry . perso? appointed as receiver of any ?set? of a company (here??er ip. this .sec?on referrefto ? .the "liqllida?or"; shall, within thirty days ?? .. his appointment, ,gj.v intimation ofhis appointment to the Commissioner. ' (2) The Commissioner shall,' after making such inquuf i»-, callmg forsuch information as ht may d? fit, nofffy1' the .liquidator within three months·irdm 'the datJ1bi --, which he receives intimation '.bf th?"'appomtment of''-: the, liquidator, the amount- which m, !lie opinion of the -: Cemmissioner wouldbe sufficientto·wo?.de for any tax, r' --. iateress.or penalty which is then, orJ?Jikely thereafterto become, payablebythe company. ·, r:l Li?lplity in case of cothpany in liquidation. 18 of2013 (3)' · When::any privat?:cpmp?f is -wo\lll?- up'and any? · inte?est or penalty deter?? under this Act on dit, ,,f??J>any for any period, Wheter \)ef?re 0? ,in the CO';'fSe r : of?t ? its Jiq?clatiOJ1, ?not be/eCoVered, then every person who wasa dir?ftor of such tp1np'any at any time,_ during the period fol whicl\ the? w? due shall, j?intlt) ?d severally s . beliable for the p??ent of sue?--?: interest or penalty, 1JIDesshe proyes to the satisfaction of the Commissioner that Supt non-recovery cannot be a¥-buted toany gross negleft, Illisfeasahce or breach.?{,( duty on his part in relation to the affairs of the company .":