https://www.taxtmi.com/caselaws?id=102329 Directors must file a company's statement of affairs within 21 days after winding up and appointment of the official liquidator, unless a valid written extension is obtained within the statutory maximum period. Service of liquidation notices and directors' knowledge of the proceedings support enforcement of this obligation. The filing duty rests on directors under the statutory scheme and is not displaced by an asserted obligation of the official liquidator to issue a separate notice. Failure to file within time may result in directors being found guilty and subjected to monetary punishment. en-us Thu, 07 May 1992 00:00:00 +0530 Tue, 14 Feb 2012 15:11:13 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=102329 Directors must file a company's statement of affairs within 21 days after winding up and appointment of the official liquidator, unless a valid written extension is obtained within the statutory maximum period. Service of liquidation notices and directors' knowledge of the proceedings support enforcement of this obligation. The filing duty rests on directors under the statutory scheme and is not displaced by an asserted obligation of the official liquidator to issue a separate notice. Failure to file within time may result in directors being found guilty and subjected to monetary punishment. Case-Laws Companies Law Thu, 07 May 1992 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=102329