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of <h1>Section 287: Advisory committee aids company liquidator in winding up, guiding decisions and inspecting company records, assets</h1> Section 287 empowers the Tribunal, when ordering winding up of a company, to constitute an advisory committee to advise the Company Liquidator and report on matters directed by the Tribunal. The committee may have up to twelve members, comprising creditors, contributories, or other persons in such proportion as the Tribunal deems fit, considering the company's circumstances. Within thirty days of the winding-up order, the Company Liquidator must convene a meeting of creditors and contributories to enable the Tribunal to select committee members. The advisory committee may inspect the company's books, documents, assets, and properties at reasonable times. Its meeting procedures are to be prescribed, and meetings are chaired by the Company Liquidator.
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