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Sale of assets and recovery of debts due to company:
The official liquidator shall expeditiously dispose of all the assets whether movable or immovable within sixty days of his appointment.
The official liquidator shall serve a notice within thirty days of his appointment calling upon the debtors of the company or the contributories, as the case may be, to deposit within thirty days with him the amount payable to.
Where any debtor does not deposit the amount under sub-section (2) the central government may on an application made to it by the official liquidator pass such orders as it thinks fit.
The amount recovered under this section by the official liquidator shall be deposited in accordance with the provision of section 349.
We "Solubilis Corporate Services" provides the reliable services to the clients for all their business related requirements. OPC registration can be done at an affordable cost.
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