<h1>Draft Rules for Companies (Winding Up) 2013 Released: Procedures for Tribunal, Liquidators, Creditors, and Unregistered Companies Explained.</h1> The Ministry of Corporate Affairs released draft rules for the Companies (Winding Up) Rules, 2013 under the Companies Act, 2013. These rules outline procedures for winding up a company by a tribunal, including the filing and hearing of winding-up petitions, appointment of provisional liquidators, and the role of the Company Liquidator. They specify the responsibilities of creditors and contributories, the process for declaring dividends, and the settlement of debts. The rules also cover the winding-up of unregistered companies and companies incorporated outside India, and they establish guidelines for the Official Liquidator's functions.