Section 313
[Omitted.].
313. [Omitted.].
CHAPTER XX
WINDING UP
PART I. — Winding up by the Tribunal
Circumstances in which company may be wound up by Tribunal.
Petition for winding up.
Powers of Tribunal.
Directions for filing statement of affairs.
Company Liquidators and their appointments.
Removal and replacement of liquidator.
Intimation to Company Liquidator, provisional liquidator and Registrar.
Effect of winding up order.
Stay of suits, etc., on winding up order.
Jurisdiction of Tribunal.
Submission of report by Company Liquidator.
Directions of Tribunal on report of Company Liquidator.
Custody of company’s properties.
Promoters, directors, etc., to cooperate with Company Liquidator.
Settlement of list of contributories and application of assets.
Obligations of directors and managers.
Advisory Committee.
Submission of periodical reports to Tribunal.
[Omitted.]
Powers and duties of Company Liquidator.
Provision for professional assistance to Company Liquidator.
Exercise and control of Company Liquidator’s powers.
Books to be kept by Company Liquidator.
Audit of Company Liquidator’s accounts.
Payment of debts by contributory and extent of set-off.
Power of Tribunal to make calls .
Adjustment of rights of contributories.
Power to order costs.
Power to summon persons suspected of having property of company, etc.
Power to order examination of promoters, directors, etc.
Arrest of person trying to leave India or abscond.
Dissolution of company by Tribunal.
Appeals from orders made before commencement of Act.
[Omitted.].
SECTIONS
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