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of <h1>Company Officials Must Assist Liquidator During Winding-Up: Clause 284 of Companies Bill, 2011 Enforces Penalties for Non-Cooperation.</h1> Promoters, directors, officers, and employees associated with a company must fully cooperate with the Company Liquidator during the winding-up process as per Clause 284 of the Companies Bill, 2011. Failure to fulfill this obligation without reasonable cause can result in penalties, including imprisonment for up to six months, a fine up to fifty thousand rupees, or both. This provision ensures that those involved with the company assist the liquidator in performing their duties effectively.
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