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of <h1>Section 277: Timelines for liquidator intimation, employee discharge notice, and winding up committee oversight in company liquidation</h1> Section 277 mandates prompt communication and procedural steps when a Tribunal appoints a provisional liquidator or orders winding up. The Tribunal must intimate the Company Liquidator or provisional liquidator and the Registrar within seven days. The Registrar must record the order, publish notice in the Official Gazette, and inform stock exchanges for listed companies. A winding up order operates as notice of discharge to officers, employees, and workmen unless business continues. Within three weeks, the Company Liquidator must seek constitution of a winding up committee, which assists and monitors specified liquidation functions, reports monthly to the Tribunal, approves the draft final report, and facilitates the company's dissolution order.
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