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Introducing the “In Favour Of” filter in Case Laws.
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of <h1>Liquidator Must Submit Quarterly Reports and Convene Meetings; Non-Compliance Fines Up to Ten Lakh Rupees</h1> The Company Liquidator is required to submit quarterly reports on the progress of a company's voluntary winding up to its members and creditors. Additionally, the liquidator must convene at least one meeting for both members and creditors each quarter to update them on the proceedings. Failure to comply with these obligations results in a fine of up to ten lakh rupees for each instance of non-compliance.
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