Section 349 & 350 of companies act 2013

Querist : Anonymous (Querist) 07 October 2017 This query is : Resolved
Please explain what is the difference between Official Liquidator of Company as specified in Sec 349 of the Act and Company Liquidator as specified in Sec 350 of the Act?

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P. Venu (Expert) 07 October 2017
What is the real issue? Please post the material facts.

Message likes : 1 times

Rajendra K Goyal (Expert) 07 October 2017
No advice from me to an author who is anonymous.

You can post the query in fresh thread with your identity and material facts.

Querist : Anonymous (Querist) 07 October 2017
Sir P.Venu My query in regard to Sec 349 is that it says, Official Liquidator to make Payments into Public Accounts of India if he is appointed as Company Liquidator & Sec 350 says that Co. LIquidator to deposit monies in Scheduled Bank of India.
My Understanding of Sec 349 is that if Official Liquidator as appointed by CG is appointed as Co. Liquidator by Tribunal then he will Pay money in Public Accounts of India. AND
As per Sec 350 if any other liquidator other than Official Liquidator is appointed as Co. Liquidator by Tribunal then monies need to deposited in Scheduled Bank.

Please tell in regard to above sections is my Understanding correct or I am faltering anywhere?

P. Venu (Expert) 08 October 2017
Is there any real issue? Kindly post them.

Dr J C Vashista (Expert) 09 October 2017
Sorry for an anonymous author, I stand with expert Mr. Rajendra K Goyal, no reply

Querist : Anonymous (Querist) 09 October 2017
Sir P.Venu no real issue.
I Thank all experts for their response whether or not relating to issue but for going through my query.

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