valid as on 29/10/2020

20.1.42- Companies (Winding Up) Rules, 2020

42. Order sanctioning payment to advisory committee.- Where the order of the Tribunal to a payment to a member of the advisory committee for services rendered by him in connection with the administration of the company’s assets is obtained, the order of the Tribunal shall specify the nature of the services, and such order shall only be given where the service performed is of a special nature, and except by the express order of the Tribunal, no remuneration shall be paid to a member of the advisory committee for services rendered by him in the discharge of the duties attached to his office as a member of such committee.


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