Section 366, The Companies Act, 2009

The following provisions with respect to liquidators shallhave effect on a winding-up order being made:– (a) the official receiver shall, by virtue of his office become the provisional liquidator and shall continue to act as such until he or another person becomes liquidator and is capable of acting as such; (b) the official receiver shall summon separate meetings of the creditors and contributories of the company for the purpose of determining whether or not an application is to be made to the court for appointing a liquidator in the place of the official receiver; (c) the court may make any appointment and order required to give effect to the determination, and, if there is a difference between the determination of the meetings of the creditors and contributories in respect of the matter, the court shall decide the difference and make such order thereon as the court may think fit; (d) in a case where a liquidator is not appointed by the court, the official receiver shall be the liquidator of the company; (e) the court may determine whether any and what security is to be given by a liquidator on his appointment; (f) the official receiver shall by virtue of his office be the liquidator during any vacancy; (g) a liquidator shall be described, where a person other than the official receiver is liquidator, 270 271 Report by official receiver. appoint and powers of provisional Appointment, style, etc. of by the style of “the liquidator”, and, where the official receiver is liquidator, by the style of “the official receiver and liquidator”, of the particular company in respect of which he is appointed, and not by his individual name.