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<h1>Company Liquidator Must File Audited Statement Annually if Winding Up Exceeds One Year, per Section 348, Companies Act 2013.</h1> Section 348 of the Companies Act, 2013 mandates that if a company's winding up is not completed within one year, the Company Liquidator must file an audited statement with the Tribunal within two months and annually thereafter. This statement must also be filed with the Registrar and, if applicable, forwarded to relevant government bodies. Creditors or contributors can inspect and obtain copies of the statement for a fee. Fraudulent claims to creditor status are punishable offenses. Non-compliance by an insolvency professional liquidator is considered a breach under the Insolvency and Bankruptcy Code, 2016.