https://www.taxtmi.com/article/detailed?id=10897 Advisory committees, appointed on a Tribunal's winding up order, advise the Company Liquidator and report to the Tribunal; they comprise up to twelve creditors, contributories or other persons as directed. The Liquidator must convene a creditors/contributories meeting within thirty days and report results in the prescribed form; where members are not agreed, the Liquidator applies to the Tribunal which may advertise, hear parties and fix membership. The committee meets under prescribed procedures, has inspection rights of books and assets, faces prohibitions on purchasing assets or deriving profits without Tribunal leave, and may receive Tribunal authorised payment for special services. en-us Fri, 23 Dec 2022 13:32:01 +0530 Fri, 23 Dec 2022 13:32:01 +0530 TaxTMI RSS Generator https://www.taxtmi.com/article/detailed?id=10897 Advisory committees, appointed on a Tribunal's winding up order, advise the Company Liquidator and report to the Tribunal; they comprise up to twelve creditors, contributories or other persons as directed. The Liquidator must convene a creditors/contributories meeting within thirty days and report results in the prescribed form; where members are not agreed, the Liquidator applies to the Tribunal which may advertise, hear parties and fix membership. The committee meets under prescribed procedures, has inspection rights of books and assets, faces prohibitions on purchasing assets or deriving profits without Tribunal leave, and may receive Tribunal authorised payment for special services. Articles Corporate Laws / IBC / SEBI Fri, 23 Dec 2022 13:32:01 +0530 https://www.taxtmi.com/article/detailed?id=10897