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Introducing the “In Favour Of” filter in Case Laws.
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of <h1>Official Liquidator to Submit Preliminary Report on Winding Up Within Six Months; Possible Further Inquiry Under Section 478.</h1> In cases of company winding up, the Official Liquidator must submit a preliminary report to the Tribunal within six months of the winding up order, detailing the company's capital, assets, liabilities, and causes of failure. The report may suggest further inquiry into the company's promotion, formation, or business conduct. The Liquidator can also submit additional reports on company promotion, formation, or potential fraud by any person or officer. If fraud is indicated, the Tribunal may exercise further powers under section 478. The timeline for report submission can be extended by the Tribunal if necessary.
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