https://www.taxtmi.com/acts?id=17657 Summary liquidation allows the Central Government to order expedited winding up for companies with assets of book value not exceeding one crore rupees and of prescribed classes, appoint an Official Liquidator who takes custody of all assets and must, within thirty days, report including any opinion on fraud; if fraud is suspected, further investigation may be directed and, on review, the Government may order winding up under Part I or the summary procedure. en-us Sat, 02 Mar 2013 15:51:45 +0530 Sat, 13 Dec 2025 13:40:51 +0530 TaxTMI RSS Generator https://www.taxtmi.com/acts?id=17657 Summary liquidation allows the Central Government to order expedited winding up for companies with assets of book value not exceeding one crore rupees and of prescribed classes, appoint an Official Liquidator who takes custody of all assets and must, within thirty days, report including any opinion on fraud; if fraud is suspected, further investigation may be directed and, on review, the Government may order winding up under Part I or the summary procedure. Act-Rules Companies Law Sat, 02 Mar 2013 15:51:45 +0530 https://www.taxtmi.com/acts?id=17657