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<h1>Winding up order directs liquidation under the Companies Act and places company assets under the liquidator's control.</h1> Winding up orders under the Companies Act, 2013 direct the tribunal to wind up the company and appoint a provisional liquidator or Company Liquidator to take immediate charge of all property, effects, actionable claims, books and papers; require service of a sealed copy of the order on the company, mandated newspaper advertisement of the order, and service of a certified copy on the Registrar of Companies within one month; provide that petition costs be paid from company assets; and impose duties on persons in possession of company books, papers or assets to surrender them and assist the liquidator.
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