law: Companies Act, 2013 
  310.
  
    Appointment
  
  of Company Liquidator.
  1.      The company in its
  
  general meeting, where a resolution of voluntary winding up is passed, shall
  
  appoint a Company Liquidator from the panel prepared by the Central Government
  
  for the purpose of winding up its affairs and distributing the assets of the
  
  company and recommend the fee to be paid to the Company Liquidator.
  2.      Where the creditors
  
  have passed a resolution for winding up the company under sub-section (3 )
  
  of section 306, the appointment of the Company Liquidator under this section
  
  shall be effective only after it is approved by the majority of creditors in
  
  value of the company:
  Provided
  
  that where such creditors do not approve the appointment of such Company
  
  Liquidator, creditors shall appoint another Company Liquidator.
  1.     
  2.     
  3.      The creditors while
  
  approving the appointment of Company Liquidator appointed by the company or
  
  appointing the Company Liquidator of their own choice, as the case may be, pass
  
  suitable resolution with regard to the fee of the Company Liquidator.
  4.      On appointment as
  
  Company Liquidator, such liquidator shall file a declaration in the prescribed
  
  form within seven days of the date of appointment disclosing conflict of
  
  interest or lack of independence in respect of his appointment, if any, with the
  
  company and the creditors and such obligation shall continue throughout the
  
  term of his or its appointment.