https://www.taxtmi.com/acts?id=15711 When a non company petitioner files for winding up and the Tribunal finds a prima facie case, the Tribunal may direct the company to file objections and a statement of its affairs within thirty days (with a possible further thirty day extension) and may require the petitioner to deposit security for costs. Failure to file forfeits the company's right to oppose and exposes responsible directors and officers to punishment. After a winding up order, directors and officers must submit completed, audited books to the liquidator within thirty days as directed. Offences may be prosecuted in the Special Court by authorised officials. en-us Thu, 22 Dec 2011 18:03:10 +0530 Thu, 22 Dec 2011 18:03:10 +0530 TaxTMI RSS Generator https://www.taxtmi.com/acts?id=15711 When a non company petitioner files for winding up and the Tribunal finds a prima facie case, the Tribunal may direct the company to file objections and a statement of its affairs within thirty days (with a possible further thirty day extension) and may require the petitioner to deposit security for costs. Failure to file forfeits the company's right to oppose and exposes responsible directors and officers to punishment. After a winding up order, directors and officers must submit completed, audited books to the liquidator within thirty days as directed. Offences may be prosecuted in the Special Court by authorised officials. Act-Rules Bills Thu, 22 Dec 2011 18:03:10 +0530 https://www.taxtmi.com/acts?id=15711