What is Books to be kept by Company Liquidator? What is audit of Company Liquidator's accounts? Section 293 and 294 of Indian Companies Act 2013

Books to be kept by Company Liquidator and Audit of Company Liquidator's accounts are defined under Section 293 and 294 of Indian Companies Act 2013. Provisions under these Sections are:

Section 293 of Indian Companies Act 2013 "Books to be kept by Company Liquidator"

(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 or contributory may, subject to the control of the Tribunal, inspect any such books, personally or through his agent.

 

Section 294 of Indian Companies Act 2013 "Audit of Company Liquidator's accounts"

(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 less than twice in each year during his tenure of office, present to the Tribunal an account of the receipts and payments as such liquidator in the prescribed form in duplicate, which shall be verified by a declaration in such form and manner as may be prescribed.

(3) The Tribunal shall cause the accounts to be audited in such manner as it thinks fit, and for the purpose of the audit, the Company Liquidator shall furnish to the Tribunal with such vouchers and information as the Tribunal may require, and the Tribunal may, at any time, require the production of, and inspect, any books of account kept by the Company Liquidator.

(4) When the accounts of the company have been audited, one copy thereof shall be filed by the Company Liquidator with the Tribunal, and the other copy shall be delivered to the Registrar which shall be open to inspection by any creditor, contributory or person interested.

(5) Where an account referred to in sub-section (4) relates to a Government company, the Company Liquidator shall forward a copy thereof -

(a) to the Central Government, if that Government is a member of the Government company; or

(b) to any State Government, if that Government is a member of the Government company; or

(c) to the Central Government and any State Government, if both the Governments are members of the Government company.

(6) The Company Liquidator shall cause the accounts when audited, or a summary thereof, to be printed, and shall send a printed copy of the accounts or summary thereof by post to every creditor and every contributory:

Provided that the Tribunal may dispense with the compliance of the provisions of this sub-section in any case it deems fit.

What is Submission of report by Company Liquidator? What is Directions of Tribunal on report of Company Liquidator? Section 281 and 282 of Indian Companies Act 2013

What is Custody of company's properties? Promoters, directors, etc., to cooperate with Company Liquidator. Section 283 and 284 of Indian Companies Act 2013

What is Settlement of list of contributories and application of assets? What is Obligations of directors and managers?. Section 285 and 286 of Indian Companies Act 2013

What is Advisory committee? What is submission of periodical reports to Tribunal Section 287 and 288 of Indian Companies Act 2013

What is Power of Tribunal on application for stay of winding up? What is Powers and duties of Company Liquidator Section 289 and 290 of Indian Companies Act 2013

What is Provision for professional assistance to Company Liquidator? What is Exercise and control of Company Liquidator's powers? Section 291 and 292 of Indian Companies Act 2013

What is Books to be kept by Company Liquidator? What is audit of Company Liquidator's accounts? Section 293 and 294 of Indian Companies Act 2013

What is Payment of debts by contributory and extent of set-off? What is Power of Tribunal to make calls? Section 295 and 296 of Indian Companies Act 2013

What is Adjustment of rights of contributories? What is power to order costs? What is Power to summon persons suspected of having property of company, etc? Section 297, 298 and 299 of Indian Companies Act 2013

What is Power to order examination of promoters, directors, etc? Section 300 of Indian Companies Act 2013

 

Home     About Us     Privacy Policy     Disclaimer    Contact Us  Sitemap