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TypeBare Act JurisdictionCentral Government

Companies Act, 2013, Section 316

Company Liquidator to Submit Report on Progress of Winding Up

~1 min read
https://sooperkanoon.com/act/62713

Bare act section · Research

About this section

Companies Act, 2013, Section 316 is part of Companies Act, 2013, - Company Liquidator to Submit Report on Progress of Winding Up. Read the section text below and explore Indian court judgments that cite it.

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Section Text

(1) The Company Liquidator shall report quarterly on the progress of winding up of the company in such form and in such manner as may be prescribed to the members and creditors and shall also call a meeting of the members and the creditors as and when necessary but at least one meeting each of creditors and members in every quarter and apprise them of the progress of the winding up of the company in such form and in such manner as may be prescribed.

(2) If the Company Liquidator fails to comply with the provisions of sub-section (1), he shall be punishable, in respect of each such failure, with fine which may extend to ten lakh rupees.

Frequently asked questions

What does Companies Act, 2013, Section 316 provide?

Section Section 316 of the Companies Act, 2013, (Company Liquidator to Submit Report on Progress of Winding Up) is reproduced on this page as part of the Companies Act, 2013,. Lawyers and researchers use it to read the statutory wording before checking how courts have applied this section in reported judgments.

How do I find judgments on Companies Act, 2013, Section 316?

Open “Find citing judgments” on this page to search Supreme Court, High Court, and tribunal decisions that reference Companies Act, 2013, Section 316. Advanced act search can narrow results by court, year, or additional act filters.

Is the section text on SooperKanoon official?

SooperKanoon hosts bare act text for research and quick reference. For filings or compliance in Central, confirm the wording against the official state gazette or authorized publication.

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