Information as to pending liquidation Delay in filing of statements by, liquidators Whether can be condoned by Government

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....ndoned by Government 1. The scope of rule 327 of the Companies (Court) Rules, 1959 vis‑a‑vis section 637B of the Companies Act was examined in consultation with the Ministry of Law. The scope of the rule making power of the Supreme Court under section 643 and of the Central Government under section 637B should not be held to overlap. The rule would not intend to create a situation whe....

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....liquidator. It does not follow that once the liquidator has committed a default for which he has no excuse he should be perpetual in default. It should, therefore, be open to the Registrar to accept a belated statement under section 611(2) on payment of additional fee but this would not wipe out the default or excuse of the liquidator from the consequences of the default. 3. It would not be out o....