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of <h1>Central Government rulemaking for company winding-up: meetings, creditor claims, capital reduction, liquidator powers u/s 468 framework</h1> Section 468 empowers the Central Government to frame rules, consistent with the Code of Civil Procedure, 1908, for matters relating to the winding up of companies that are required or permitted to be prescribed under the Companies Act, 2013, thereby providing the procedural framework governing winding-up administration. The rule-making power expressly extends to proceedings for winding up by the Tribunal, meetings of creditors and members in connection with section 230, implementation of capital reduction provisions, applications to the Tribunal, meetings to ascertain creditors' and contributories' wishes, settlement of contributories' lists and rectification of the register of members, collection and application of assets, transfer of money/property/books/papers to the liquidator, making of calls, and time limits for proof of debts and claims. Existing Supreme Court rules continue until replaced, with 'High Court' references read as 'Tribunal.'
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