1. The company shall give notice to the Registrar of the appointment of a Company Liquidator along with the name and particulars of the Company Liquidator, of every vacancy occurring in the office of Company Liquidator, and of the name of the Company Liquidator appointed to fill every such vacancy within ten days of such appointment or the occurrence of such vacancy.
2. If a company contravenes the provisions of sub-section (1 ), the company and every officer of the company who is in default shall be punishable with fine which may extend to five hundred rupees for every day during which such default continues.
Legal Commentary & Landmark Judgments: Section 312
Section 312 of the Companies Act, 2013 mandated public filing of the liquidator's appointment with the Registrar of Companies; omitted by the IBC 2016, this requirement is preserved under Section 59(4) of the IBC.
Liquidators must file Form MGT-14 and intimation with RoC and IBBI within 7 days under current IBC rules. Failure to file promptly risks bank account freezes and third parties challenging liquidator's locus standi.