TMI BlogInformation as to pending liquidationsX X X X Extracts X X X X X X X X Extracts X X X X ..... the Central Government, within two months of the expiry of such year and thereafter until the winding up is concluded, at intervals of not more than one year or at such shorter intervals, if any, as may be prescribed, file a statement in such form containing such particulars as may be prescribed, duly audited, by a person qualified to act as auditor of the company, with respect to the proceedings ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... (c) to the Central Government and any State Government, if both the Governments are members of the Government company. (4) Any person stating himself in writing to be a creditor or contributory of the company shall be entitled, by himself or by his agent, at all reasonable times, on payment of the prescribed fee, to inspect the statement referred to in sub-section (1), and to rec ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... ******************** Notes:- 1. As Amended vide Insolvency and Bankruptcy Code, 2016, ELEVENTH SCHEDULE, before it was read as, (1) If the winding up of a company is not concluded within one year after its commencement, the Company Liquidator shall, unless he is exempted from so doing either wholly or in part by the Central Government, within two months of the expiry of such yea ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... mpany Liquidator contravenes the provisions of this section, the Company Liquidator shall be punishable with fine which may extend to five thousand rupees for every day during which the failure continues. 3. Omitted vide THE COMPANIES (AMENDMENT) ACT, 2020 dated 28-09-2020 before it was read as (7) If a Company Liquidator makes wilful default in causing the statement referred to in sub ..... X X X X Extracts X X X X X X X X Extracts X X X X
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