Section 348 of CA 2013 : Section 348: Information As To Pending Liquidations

CA 2013

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Explanation using Example

Imagine a scenario where XYZ Pvt. Ltd. has gone into liquidation. The process started on January 1, 2022. By January 1, 2023, the winding-up process is still not complete. The Company Liquidator, who is overseeing the liquidation, is required by Section 348 of the Companies Act, 2013 to file a detailed statement regarding the liquidation proceedings to the National Company Law Tribunal (NCLT) by March 1, 2023, since the winding up has exceeded one year. This statement must include the progress of the liquidation and be audited by a qualified auditor.

Additionally, the...

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