The Indian Companies Act 1882, 6 of 1882, (Rep., Act 1 of 1956)

Section 142. Any official liquidator may resign or be removed by the Court on due cause shown. Any vacancy in the

Repealed or not in force · As amended up to 2026-08

142. Any official liquidator may resign or be removed by the Court on due cause shown. Any vacancy in the office of an official liquidator appointed by the Court shall be filled up by the Court. There shall be paid to the official liquidator such salary or remuneration, by way of percentage or otherwise, as the Court may direct; and, if more liquidators than one are appointed, such remuneration shall be distributed amongst them in such proportions as the Court directs.

Source: India Code