THE COMPANIES ACT, 2013
ACT NO. 18 OF 2013
COMPANIES ACT 2013 SECTION 313 CHAPTER XX
Cesser of Board‘s powers on appointment of Company Liquidator.— On the appointment of a Company Liquidator, all the powers of the Board of Directors and of the managing or whole-time directors and manager, if any, shall cease, except for the purpose of giving notice of such appointment of the Company Liquidator to the Registrar.