Section - 296, Companies Act, 2013 Power of Tribunal to make calls. 296. The Tribunal may, at any time after the passing of a winding up order, and either before or after it has ascertained the sufficiency of the assets of the company,— (a) make calls on all or any of the contributories for the time…...
Payment of debts by contributory and extent of set-off. Section – 295, Companies Act, 2013
Section - 295, Companies Act, 2013 Payment of debts by contributory and extent of set-off. 295. (1) The Tribunal may, at any time after passing of a winding up order, pass an order requiring any contributory for the time being on the list of contributories to pay, in the manner directed by the order, any money due…...
Audit of Company Liquidator’s accounts. Section – 294, Companies Act, 2013
Section - 294, Companies Act, 2013 Audit of Company Liquidator's accounts. 294. (1) The Company Liquidator shall maintain proper and regular books of account including accounts of receipts and payments made by him in such form and manner as may be prescribed. (2) The Company Liquidator shall, at such times as may be prescribed but not…...
Books to be kept by Company Liquidator. Section – 293, Companies Act, 2013
Section - 293, Companies Act, 2013 Books to be kept by Company Liquidator. 293. (1) The Company Liquidator shall keep proper books in such manner, as may be prescribed, in which he shall cause entries or minutes to be made of proceedings at meetings and of such other matters as may be prescribed. (2) Any creditor…...
Exercise and control of Company Liquidator’s powers. Section – 292, Companies Act, 2013
Section - 292, Companies Act, 2013 Exercise and control of Company Liquidator's powers. 292. (1) Subject to the provisions of this Act, the Company Liquidator shall, in the administration of the assets of the company and the distribution thereof among its creditors, have regard to any directions which may be given by the resolution of the…...
Provision for professional assistance to Company Liquidator. Section – 291, Companies Act, 2013
Section - 291, Companies Act, 2013 Provision for professional assistance to Company Liquidator. 291. (1) The Company Liquidator may, with the sanction of the Tribunal, appoint one or more chartered accountants or company secretaries or cost accountants or legal practitioners or such other professionals on such terms and conditions, as may be necessary, to assist him…...
Powers and duties of Company Liquidator. Section – 290, Companies Act, 2013
Section - 290, Companies Act, 2013 Powers and duties of Company Liquidator. 290. (1) Subject to directions by the Tribunal, if any, in this regard, the Company Liquidator, in a winding up of a company by the Tribunal, shall have the power— (a) to carry on the business of the company so far as may be…...
Submission of periodical reports to Tribunal. Section – 288, Companies Act, 2013
Section - 288, Companies Act, 2013 Submission of periodical reports to Tribunal. 288. (1) The Company Liquidator shall make periodical reports to the Tribu- nal and in any case make a report at the end of each quarter with respect to the progress of the winding up of the company in such form and manner as…...
Advisory committee. Section – 287, Companies Act, 2013
Section - 287, Companies Act, 2013 Advisory committee. 287. (1) The Tribunal may, while passing an order of winding up of a company, direct that there shall be, an advisory committee to advise the Company Liquidator and to report to the Tribunal on such matters as the Tribunal may direct. (2) The advisory committee appointed by…...
Obligations of directors and managers. Section – 286, Companies Act, 2013
Section - 286, Companies Act, 2013 Obligations of directors and managers. 286. In the case of a limited company, any person who is or has been a director or manager, whose liability is unlimited under the provisions of this Act, shall, in addition to his liability, if any, to contribute as an ordinary member, be liable…...