WINDING UP BY TRIBUNAL - Companies (Winding Up) Rules, 2020

Part: II
WINDING UP BY TRIBUNAL
Rule 3	:	Petition for winding up
Rule 4	:	Statement of affairs
Rule 5	:	Admission of petition and directions as to advertisement
Rule 6	:	Copy of petition to be furnished
Rule 7	:	Advertisement of petition
Rule 8	:	Application for leave to withdraw petition
Rule 9	:	Substitution for original petitioner
Rule 10	:	Procedure on substitution
Rule 11	:	Affidavit-in-objection
Rule 12	:	Affidavit in reply
LIQUIDATOR
Rule 13	:	Applicability
Rule 14	:	Appointment of provisional liquidator or Company Liquidator
Rule 15	:	Rules applicable to provisional liquidator
Rule 16	:	Costs, etc., of provisional liquidator
WINDING UP ORDER
Rule 17	:	Order to be sent to liquidator and form of order
Rule 18	:	Contents of winding up order
Rule 19	:	Directions on making winding up order
Rule 20	:	Advertisement of order
Rule 21	:	Declaration by Company Liquidator
Rule 22	:	Company Liquidator to take charge of assets and books and papers of company
Rule 23	:	Form of proceedings after winding up order is made
APPLICATION FOR STAY OF SUITS ETC. ON WINDING UP ORDER
Rule 24	:	Application for leave to commence or continue suit or proceeding
REPORTS BY COMPANY LIQUIDATOR UNDER SECTION 281
Rule 25	:	Report by Company Liquidator
Rule 26	:	Inspection of statement of affairs and report
Rule 27	:	Consideration of report by Tribunal
SETTLEMENT OF LIST OF CONTRIBUTORIES
Rule 28	:	Provisional list of contributories
Rule 29	:	Notice to be given of date of settlement
Rule 30	:	Settlement of list
Rule 31	:	Notice of settlement to contributories
Rule 32	:	Supplemental list of contributories
Rule 33	:	Variation of list
Rule 34	:	Application for rectification of list
Rule 35	:	List of contributories consisting of past members
ADVISORY COMMITTEE
Rule 36	:	Meeting of creditors and contributories
Rule 37	:	Company Liquidator to report result of meeting
Rule 38	:	Filling –up of vacancy in advisory committee
Rule 39	:	Company Liquidator and members of advisory committee dealing with company's assets
Rule 40	:	Advisory committee not to make profit
Rule 41	:	Cost of obtaining order of Tribunal
Rule 42	:	Order sanctioning payment to advisory committee
Rule 43	:	Meetings of advisory committee
MEETINGS OF CREDITORS AND CONTRIBUTORIES
Rule 44	:	Application of rules to meetings
Rule 45	:	Notice of meeting
Rule 46	:	Place and time of meeting
Rule 47	:	Notice of first or other meeting to officers of company
Rule 48	:	Proof of notice
Rule 49	:	Costs of meeting
Rule 50	:	Chairman of meeting
Rule 51	:	Resolution at creditors' meeting
Rule 52	:	Resolution of contributories' meeting
Rule 53	:	Copies of resolution to be filed
Rule 54	:	Non-receipt of notice by creditor or contributory
Rule 55	:	Adjournments
Rule 56	:	Quorum
Rule 57	:	Procedure in absence of quorum
Rule 58	:	When creditor can vote
Rule 59	:	Case in which creditors may not vote
Rule 60	:	When secured creditor can vote
Rule 61	:	Effect of voting by a secured creditor
Rule 62	:	Procedure when secured creditor votes without surrendering security
Rule 63	:	Admission or rejection of proof for purposes of voting
Rule 64	:	Minutes of proceedings
Rule 65	:	Report to Tribunal
PROXIES IN RELATION TO MEETINGS OF CREDITORS AND CONTRIBUTORIES
Rule 66	:	Voting by proxies
Rule 67	:	Form of proxies
Rule 68	:	Proxies to Company Liquidator or chairman of meeting
Rule 69	:	Use of proxies by deputy
Rule 70	:	Forms to be sent with notice
Rule 71	:	Proxies to be lodged
Rule 72	:	Holder of proxy not to vote on matter in which he is financially interested
Rule 73	:	Minor not to be appointed proxy
Rule 74	:	Filling in proxy where creditor or contributory is blind or incapable
Rule 75	:	Proxy of person not acquainted with English
Rule 76	:	Submission of periodical reports to the tribunal
Rule 77	:	Employment of additional or special staff by Official Liquidator
Rule 78	:	Declaration by professional
REGISTERS AND BOOKS OF ACCOUNT TO BE MAINTAINED BY COMPANY LIQUIDATOR
Rule 79	:	Record book to be maintained by Company Liquidator
Rule 80	:	Registers and books to be maintained by Company Liquidator
BANKING ACCOUNT OF COMPANY LIQUIDATOR
Rule 81	:	All money to be paid into special bank account in a scheduled bank
Rule 82	:	Bills, cheques, etc. to be deposited with bank
Rule 83	:	Payments into Bank
Rule 84	:	Company Liquidator's Dividend Account
Rule 85	:	Where the company has no available assets
INVESTMENT OF SURPLUS FUNDS
Rule 86	:	Investment of surplus funds
Rule 87	:	Company Liquidator to examine accounts for purposes of investment
Rule 88	:	Investments to be made by Bank
Rule 89	:	Dividend and interest to be credited
Rule 90	:	Refunds of taxes
FILING AND AUDIT OF COMPANY LIQUIDATOR'S ACCOUNT
Rule 91	:	Half-yearly accounts to be filed
Rule 92	:	Form of account
Rule 93	:	Nil account
Rule 94	:	Registry to send copy of account to auditor
Rule 95	:	Audit of Company Liquidator's accounts
Rule 96	:	Audit certificate to be filed
Rule 97	:	Audit fees
Rule 98	:	Inspection of account and certificate of audit
Rule 99	:	Account and auditor's report to be placed before Tribunal