https://www.taxtmi.com/acts?id=17645 When winding up continues beyond one year the Company Liquidator must file, in prescribed form and duly audited by a person qualified to act as the company's auditor, periodic statements of the liquidation's proceedings and position; such statements filed with the Tribunal must be simultaneously filed with the Registrar. Government company statements are to be forwarded to the Central and/or State Governments that are members. Creditors and contributories may inspect and copy the statements on payment of the prescribed fee, while fraudulent claimants face penal consequences; default by an insolvency professional liquidator is treated as a contravention under the Insolvency and Bankruptcy Code. en-us Sat, 02 Mar 2013 15:45:44 +0530 Sat, 13 Dec 2025 12:51:36 +0530 TaxTMI RSS Generator https://www.taxtmi.com/acts?id=17645 When winding up continues beyond one year the Company Liquidator must file, in prescribed form and duly audited by a person qualified to act as the company's auditor, periodic statements of the liquidation's proceedings and position; such statements filed with the Tribunal must be simultaneously filed with the Registrar. Government company statements are to be forwarded to the Central and/or State Governments that are members. Creditors and contributories may inspect and copy the statements on payment of the prescribed fee, while fraudulent claimants face penal consequences; default by an insolvency professional liquidator is treated as a contravention under the Insolvency and Bankruptcy Code. Act-Rules Companies Law Sat, 02 Mar 2013 15:45:44 +0530 https://www.taxtmi.com/acts?id=17645