Flock blog
Reading regulatory filings, sourced and dated.
Plain-English guides to the public filings Flock tracks: 13F reports, NSE and BSE shareholding patterns, bulk and block deals, and FII/DII flows. Every claim links to its source. Research, not advice.
How to Inspect Company Books in Winding Up: S. 346
How to inspect company books in winding up: section 346 of the Companies Act, 2013 admits creditors and contributories, only on the prescribed rules.
Disposal of Company Books in Winding Up: S. 347
Disposal of company books after a winding up is directed by the Tribunal under section 347 of the Companies Act, 2013, with a five year responsibility cut-off.
Information as to Pending Liquidations: S. 348
Information as to pending liquidations: section 348 of the Companies Act, 2013 requires an audited statement once a winding up passes one year, then yearly.
Liquidator Duty to Deposit Monies: Sections 350, 351
The liquidator duty to deposit monies sits in sections 350 and 351 of the Companies Act, 2013: a scheduled bank account, and no private banking account.
Company Liquidation Dividend Account: Section 352
The company liquidation dividend account takes unpaid dividends and undistributed assets after six months, under section 352 of the Companies Act, 2013.
Meetings to Ascertain Creditors' Wishes: Section 354
Meetings to ascertain creditors wishes may be directed by the Tribunal under section 354 of the Companies Act, 2013, with a chairman appointed to report.
Company Liquidator Report: Section 281
The company liquidator report under section 281 of the Companies Act, 2013 goes to the Tribunal within sixty days. Section 282 sets what happens next.
Power to Summon Suspected Persons: Section 299
The power to summon suspected persons under section 299 of the Companies Act, 2013 lets the Tribunal examine on oath anyone holding company property.
Examination of Promoters in Winding Up: S. 300
Examination of promoters in winding up runs under section 300 of the Companies Act, 2013, triggered by a Company Liquidator's report alleging fraud.
Advisory Committee in Winding Up: Section 287
An advisory committee in winding up is constituted under section 287 of the Companies Act, 2013 to advise the liquidator and report to the Tribunal.
Duty to Cooperate With a Liquidator: S. 284
The duty to cooperate with a liquidator under section 284 of the Companies Act, 2013 binds promoters, directors, officers and employees, past and present.
Disclaimer of Onerous Property: Section 333
Disclaimer of onerous property under section 333 of the Companies Act, 2013 lets a liquidator walk away from unprofitable contracts, with the Tribunal's leave.
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