Statutory duty to file audited liquidation statements requires periodic filings and grants creditor inspection rights.

When winding up continues beyond one year, the Company Liquidator must, unless exempted, file periodically audited statements of liquidation proceedings and position with the Tribunal for court windings and with the Registrar for voluntary windings, with Tribunal filings simultaneously furnished to the Registrar. Government company liquidations require forwarding copies to the Central and/or State Government(s) as applicable. Creditors and contributories who identify themselves in writing may inspect and obtain copies on payment of the prescribed fee, while fraudulent access and liquidator noncompliance or use of an unqualified auditor attract criminal and monetary penalties.

---

---

---