Section 294 of CA 2013 : Section 294: Audit Of Company Liquidator?S Accounts
CA 2013
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Explanation using Example
Imagine a company, XYZ Ltd., is undergoing liquidation. As per Section 294 of the Companies Act, 2013:
- The appointed Company Liquidator, Mr. Smith, must keep detailed books of account that record all receipts and payments related to the liquidation process.
- Twice a year, Mr. Smith is required to submit these financial records to the National Company Law Tribunal (NCLT) for review, ensuring that all transactions are transparent and accounted ...
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