Section 94 of Companies Act 2013: Why is Liquidator's Immunity outdated?

company du_llb intermediate reform_idea

Kya ye section kya kar raha hai? Section 94 dekhne mein lagta hai ki wah liquidator ko koi bhi responsibility se bachata hai. Lekin kya vajah hai ki liquidator ko immunity milta hai? Jab koi company fail jaati hai, tab liquidator ko kai baar malkeedaar, director, ya koi aur officer kayi gaaliyon mein pesh karna hota hai. Lekin section 94 ke karan liquidator ko koi saza nahi mil sakta. Jab tak company ke assets ko sell nahi diya ja sakta, tab tak liquidator ka koi lihaaz nahi hota. Yeh provision 2025 mein puri tarah se outdated hai.

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Rajesh ยท LLM Scholar

Bhai, Section 94 of Companies Act 2013 indeed gives liquidator immunity. But it's outdated, yaar! With increasing corporate scams, there's a need for accountability. No immunity means liquidators will take care before making any decisions. Wasting company funds on unnecessary things will reduce. Transparency and fairness will increase. It's time to revise the section and bring in checks and balances. Trust and confidence in corporate governance will increase, and scams will decrease.

Garima ยท LLB Aspirant

Ab Section 94 of Companies Act 2013 ka focus hai liquidator ki immunity pe. Lekin mujhe lagta hai yeh outdated hai. Liquidators ab aur bhi responsible role nahi karte, unki immunity bhi is baat ka jawab hai. Unhe court ke faisle ka pura pura pata hona chahiye, anya koi immunity nahi. Unki actions ko transparency se connect kiya jaye, toh yeh immunity kyun maintain ki ja sakti hai?