Section 360 of the Companies Act, 2013: Powers and functions of Official Liquidator

The Companies Act, 2013

Chapter– XX Winding Up 

Part IV- Official Liquidators 

Section 360: Powers and functions of Official Liquidator.

*360. (1) The Official Liquidator shall exercise such powers and perform such duties as the Central Government may prescribe.

(2) Without prejudice to the provisions of sub-section (1), the Official Liquidator may—

(a) exercise all or any of the powers as may be exercised by a Company Liquidator under the provisions of this Act; and

(b) conduct inquiries or investigations, if directed by the Tribunal or the Central Government, in respect of matters arising out of winding up proceedings.


Reference

*Effective from 15.12.2016.

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