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of <h1>Central Government Oversees Liquidators in Company Wind-Ups Under Section 463 of Companies Act, 1956.</h1> Section 463 of the Companies Act, 1956, outlines the Central Government's authority over liquidators managing company wind-ups by the Tribunal. The government monitors liquidators' compliance with duties under the Act and related rules. If a liquidator fails to perform duties or if complaints arise from creditors or contributories, the government investigates and may take necessary actions. The government can also require liquidators to address inquiries or undergo examination by the Tribunal. Additionally, it can order local investigations into liquidators' books and vouchers to ensure proper conduct during the winding-up process.
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