Companies Act

Section 360. Powers And Functions Of Official Liquidator

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

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

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

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

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