https://www.taxtmi.com/news?id=11971 Rules create a comprehensive procedural regime for company winding-up: prescribing petition forms, statement of affairs certification, advertisement and service requirements; defining appointment, declaration, security and duties of provisional and company liquidators (including custody of assets, maintenance of specified registers, bank and dividend accounts, investment of surplus funds) and their reporting and audit obligations to the Tribunal or Central Government; and establishing creditor and contributory processes for meetings, voting, proofs of debt, settlement of contributories, asset realisation, distributions and priority of payments. en-us Thu, 21 Nov 2013 15:19:59 +0530 Thu, 21 Nov 2013 15:19:59 +0530 TaxTMI RSS Generator https://www.taxtmi.com/news?id=11971 Rules create a comprehensive procedural regime for company winding-up: prescribing petition forms, statement of affairs certification, advertisement and service requirements; defining appointment, declaration, security and duties of provisional and company liquidators (including custody of assets, maintenance of specified registers, bank and dividend accounts, investment of surplus funds) and their reporting and audit obligations to the Tribunal or Central Government; and establishing creditor and contributory processes for meetings, voting, proofs of debt, settlement of contributories, asset realisation, distributions and priority of payments. News - Thu, 21 Nov 2013 15:19:59 +0530 https://www.taxtmi.com/news?id=11971