Companies under Compulsory liquidation  
    Companies under
voluntary Liquidation
 
    Company Master Data
 
    Signatory Details / Director Details of Companies
 
    Court Order/ Judgments
 
    Cases in Other courts  
    Panel of Advocates
with the OL
 
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Companies (Court) Rules 1959  
     
  [GSR 950, Dated 17.8.1959]  
     
  Rules  
  Arrangement of Rules  
1. Short title and commencement  
2. Interpretation  
3. Proceedings to be neat and legible  
4. Form of proceedings  
5. Language of proceedings  
6. Practice and procedure of the Court and provisions of the Code to app  
7. Power of Court to enlarge or abridge time  
8. Computation of time  
9. Inherent powers of Court  
10. Applications how made  
11. Petitions  
12. Matters to be heard in open Court and in Chambers  
13. Registers to be kept  
14. Serial number of proceedings  
15. Process to be sealed  
16. Inspection and copies of proceedings  
17. Forms  
18. Affidavits  
19. Form of Judge's summons and service thereof  
20. Issue of summons  
21. Affidavit verifying petition  
22. Enclosures to petition  
23. Summons for directions  
24. Advertisement of petition  
25. Contents of advertisement  
26. Service of petition  
27. Notice of petition and time of service  
28. Service on company  
29. Petitioner to effect service  
30. Affidavit of service  
31.
Procedure on default of compliance as regards advertisement and service of notice
 
32. Mode of service and service when deemed to be effected  
33. Validity of service and of proceedings  
34.
Notice to be given by persons intending to appear at the hearing of petition
 
35. List of persons intending to appear, to be filed  
36. Procedure at hearing of petition  
37. Order to be drawn up  
     
     
 

PART II

 
  PROCEEDINGS IN MATTERS OTHER THAN WINDING UP  
  CONFIRMATION OF ALTERATION OF MEMORANDUM OF A COMPANY  
     
38. Form of petition under section 17 and summons for directions  
39. Directions at hearing of summons  
40. Notice to Registrar of Companies and Central Government  
41. Procedure where creditors are entitled to object  
42. Order confirming alteration  
     
 
CONFIRMATION OF ALTERATION IN THE CONSTITUTION OF A COMPANY
 
     
43. Petition under section 579  
  ISSUE OF SHARES AT A DISCOUNT  
44. Petition for sanctioning the issue of shares at a discount  
45. Order sanctioning issue to be delivered to Registrar of Companies  
     
  REDUCTION OF SHARE CAPITAL  
46.
Form of petition for reduction of share capital and summons for directions
 
47. Procedure on hearing of summons  
48. Directions at the hearing of summons  
49. List of creditors  
50. Affidavit verifying list of creditors  
51. Inspection of list of creditors  
52. Notice to creditors  
53. Advertisement of petition and list of creditors  
54. Affidavit of service  
55. Affidavit by company as to the result of rules 52 and 53  
56. Procedure where claim is not admitted, and proof of debt  
57. Costs of proof  
58. Certificate by the Judge as to creditors  
59. Hearing of petition  
60. Who may appear and oppose  
61. Directions at hearing  
62. Order on petition  
63. Minute  
64. Advertisement of reasons for reduction of capital  
65. Form of minute and notice of registration  
  VARIATION OF RIGHTS OF ANY CLASS  
66. Petition to cancel variation of rights of SHAREHOLDERS  
  COMPROMISE OR ARRANGEMENT UNDER SECTIONS 391 to 394  
67. Summons for directions to convene a meeting  
68. Service on company  
69. Directions at hearing of summons  
70. Proxies  
71. Application for stay  
72. Application to vacate or vary order of stay  
73. Notice of meeting  
74. Advertisement of the notice of meeting  
75. Copy of compromise or arrangement to be furnished by the company  
76. Affidavit of service  
77. Result of the meeting to be decided by poll  
78. Report of the result of the meeting  
79. Petition for confirming compromise or arrangement  
80. Date and notice of hearing  
81. Order on petition  
82. Application for directions under section 394  
83. Directions at hearing of application  
84. Order under section 394  
85. Compromise or arrangement involving reduction of capital  
86. Report on working of compromise or arrangement  
87. Liberty to apply  
  RELIEF IN CASE OF OPPRESSION OR MISMANAGEMENT  
88. Petition under section 397 or 398  
89. Notice to Central Government  
90. Order involving reduction of capital or alteration of memorandum  
91.
Application under section 407(l)(b) for leave to act as managing director, et
 
 
RESTORATION OF THE NAME OF A COMPANY to the Register of Companies
 
92. Notice to Registrar of Companies  
93. Delivery of order and advertisement thereof  
94. Registrar's costs of petition  
     
     
  PART III  
  WINDING UP  
  WINDING UP BY COURT  
  WINDING,UP PETITION AND ITS HEARING  
95. Petition for winding-up  
96. Admission of petition and directions as to advertisement  
97. Petition by a contingent or prospective creditor  
98. Copy of petition to be furnished  
99. Advertisement of petition  
100. Application for leave to withdraw petition  
101. Substitution of creditor or contributory for original petitioner  
102. Procedure on substitution  
103. Affidavit in opposition  
104. Affidavit 'in reply  
105. Stay of suit or proceeding pending petition  
  PROVISIONAL LIQUIDATOR  
106. Appointment of Provisional Liquidator  
107. Rules applicable to Provisional Liquidator  
108. Costs, etc., of Provisional Liquidator  
  WINDING-UP ORDER  
109. Notice to Official Liquidator of order  
110. Contents of winding-up order and order appointing Provisional Liquidator  
111. Order to be sent to Official Liquidator and form of order  
112. Directions on making the winding-up order  
113. Advertisement of the order  
114.
Official Liquidator to take charge of assets and books and papers of company
 
115. Form of proceedings after winding-up order is made  
116. Application for stay of winding-up proceedings  
  APPLICATIONS UNDER SECTION 446  
117. Application for leave to commence or continue suit or proceeding  
118. Application for transfer of suit or proceeding  
  TRANSFER OF WINDING·UP PROCEEDINGS  
119. Application for transfer  
120. Transmission of records upon transfer of proceedings  
121. Proceedings to be re-numbered  
122. Notice to Official Liquidator  
123. Official Liquidator of Transferee Court to be Liquidator  
  STATEMENT OF AFFAIRS  
124. Notice to submit statement  
125. Application by Official Liquidator under section 454(2)  
126. Preparation of statement of affairs  
127. Form of the statement  
128. Extension of time for submitting statement  
129. Expenses of preparing the statement  
130. Officers of company to attend and give information  
131. Duty of person making or concurring in statement  
132. Default in complying with section 454  
133. Dispensing with statement of affairs  
134.
Liquidator in voluntary winding up or winding-up subject to supervision, to submit statement
 
  REPORTS BY OFFICIAL LIQUIDATOR UNDER SECTION 455 AND SUMMONS FOR DIRECTIONS  
135. Preliminary report by Official Liquidator  
136. Inspection of statement and preliminary report  
137. Further Report by Official Liquidator  
138.

Consideration of report by Court

 
139. Summons for directions to be taken out by Official Liquidator  
  COMMITTEE OF INSPECTION  
140. First meeting of creditors and contributories  
141. Official Liquidator to report result of meeting and apply for directions  
142. Application for order not to fill vacancy in Committee  
143. Liquidator and members of the Committee dealing with company's assets  
144. Committee of Inspection not to make profit  
145. Costs of obtaining sanction of Court  
146. Order sanctioning payment to Committee  
  DEBTS AND CLAIMS AGAINST COMPANY  
147. Fixing a date for proving debts  
148. Notice to creditors  
149. Proof of debt  
150. Mode of proof and verification thereof  
151. Contents of proof  
152. Workmen's wages  
153. Production of bills of exchange and promissory notes  
154. Value of debts  
155. Discount  
156. Interest  
157. Periodical payments  
158. Proof of debt payable at a future time  
159. Examination of proof  
160. Official Liquidator's right to summon any person in connection with the investigation  
161. Oaths  
162. Costs of proof  
163. Acceptance or rejection of proof to be communicated  
164. Appeal by creditor  
165. Procedure where creditor appeals  
166. Official Liquidator not to be personally liable for costs  
167. Proofs and list of creditors to be filed in Court  
168. List of creditors not to be varied  
169. Notice of filing the list and inspection of the same  
170. Procedure in the District Court regarding proof of claims  
171. List of proofs and summons for directions  
172. Direction at hearing of summons  
173. Notice to be given to creditors  
174. Settlement of list of creditors  
175. Inspection of the list of creditors and the proofs filed  
176. Expunging of proof  
177. Procedure on failure to prove the debt within the time fixed  
178. Right of creditor who has not proved debt before declaration of divident  
179. Payment of subsequent interest  
  SETTLEMENT OF THE LIST OF CONTRffiUTORIES IN A WINDING UP BY THE COURT  
180. Provisional list of contributories  
181. Notice to be given of date of settlement of list  
182. Settlement of the list  
183. Certificate of final settlement to be filed in Court  
184. Notice of settlement to contributories  
185. Supplemental list of contributories  
186. Variation of the list  
187. Application by Official Liquidator for rectification of list  
188. Application by contributory to vary the list  
189. Official Liquidator not to be personally liable for costs  
190. Settlement of the list of contributories in District Courts  
191. Notice to be given of date of settlement  
192. Settlement of the list  
193. Supplemental list of contributories  
194. Application ~for rectification of list  
195.

List of contributories consisting of past members

 
196. List of contributories under section 1 04( 1)( b)  
 
GENERAL MEETINGS OF CREDITORS AND CONTRffiUTORIES IN A WINDING-UP BY COURT AND OF CREDITORS IN A CREDOTPRSVOLUNTORY" WINDING UP
 
197.
Court meetings', 'Liquidator's meetings' and 'Voluntary Liquidation Meetings"
 
198. Application of Rules to meetings  
199.

Notice of meeting

 
200. Place and time of meeting  
201. Notice of first or other meeting to officers of company  
202. Proof of notice  
203. Costs of calling meetings at instance of creditor or contributory  
204. Chairman of meeting  
205. Resolution at creditors' meeting  
206. Resolution at contributories' meeting  
207. Copies of resolutions to be filed  
208. Non-receipt of notice by a creditor or contributory  
209. Adjournments  
210. Quorum  
211. Procedure in the absence of quorum  
212. When creditor can vote  
213. Cases in which creditors may not vote  
214. When secured creditor can vote  
215. Effect of voting by a secured creditor  
216. Procedure when secured creditor votes without surrendering security  
217. Admission or rejection of proofs for purposes of voting  
218. Minutes of proceedings  
219. Report of Court meeting  
 
PROXIES IN RELATION TO A WINDING·UP BY COURT AND TO MEETINGS OF CREDITORS IN A CREDITOR's VOLUNTORY WINDING UP
 
220. Voting by proxies  
221. Form of proxies  
222. Proxies to Liquidator or Chairman  
223. Use of proxies by Deputy  
224. Forms to be sent with notice  
225. Proxies to be lodged  
226.
Holder or proxy not to vote on matter in which he is financially interested
 
227. Minor not to be appointed proxy  
228. Filling in proxy where creditor or contributory is blind or incapable  
229. Proxy of person not acquainted with English  
 
ATTENDANCE AND APPEARANCE OF CREDITORS AND CONTRIBUTORIES
 
230. Attendance at proceedings  
231. Representation of creditors and contributories before Court  
  COLLECTION AND DISTRIBUTION OF ASSETS IN A WINDING UP BY COURT  
232. Powers of Official Liquidator  
233. Official Liquidator to be in the position of a receiver  
234. Company's property to be surrendered to Official Liquidator on requisition  
  CALLS IN A WINDING·UP BY THE COURT  
235. Calls by the Official Liquidator  
236. Official Liquidator to realise uncalled capital  
237. Application for leave to make call  
238. Notice of application  
239. Order granting leave to make a call and document making the call  
240.

Service of notice of call

 
241. Order for payment of call  
242. Other moneys due by contributories  
243. Application for examination under section 477  
244. Directions at hearing of summons  
245. Examination on commission or by interrogatories  
246. Service of the summons  
247. Conduct of the examination  
248. Notes of the deposition  
249. Order for public examination under section 478  
250.

Notice of public examination

 
251. Adjournment of public examination to Court  
252. Procedure for contumacy  
253. Notes of examination  
254. Shorthand notes of examination under sections 477 and 478  
255. Application under section 478(7)(a)  
256. Default in attending examination under section 477 or 478  
257. Prison to which person arrested on warrant is to be taken  
258. Execution of warrant of arrest outside ordinary jurisdiction of court  
259. Public examination under section 519  
  APPLICATIONS AGAINST DELINQUENT DIRECTORS, PROMOTERS AND OFFICERS OF THE COMPANY  
260. Applications under section 542 or 543  
261. Directions at preliminary hearing of summons  
262. Liberty to apply for further directions  
  DISCLAIMER  
263. Application for disclaimer  
264. Preliminary hearing of the summons  
265. Claimant to furnish statement of his interest  
266. Service of notice  
267. Order granting leave to disclaim  
268. Disclaimer to be filed in Court  
269. Vesting of disclaimed property  
  COMPROMISE OR ABANDONMENT OF CLAIMS  
270. No claim to be compromised or abandoned without sanction of court  
271. Application for sanction of compromise  
  SALES BY THE OFFICIAL LIQUIDATOR  
272. Sale to be subject to sanction and to confirmation by Court  
273. Procedure at sale  
274. Expenses of sale  
  DIVIDENDS AND RETURNS OF CAPITAL IN A WINDING UP BY COURT  
275. Declaration of dividend or return of capital  
276. Notice of declaration  
277. Form of authority to pay dividend  
278. Transmission of dividends by post  
279. Form of order directing return of capital  
280.
Payment of dividend or return of capital due to a deceased creditor or contributory
 
  TERMINATION OF WINDING·UP  
281. Official Liquidator to apply for dissolution  
282. Dissolution of the company  
283. Liquidator to pay the balance into public account  
284. Conclusion of winding-up  
285. Application to declare dissolution void  
286. REGISTERS AND BOOKS OF ACCOUNT OF THE OFFICIAL LIQUIDATOR  
  BANKING ACCOUNT OF THE OFFICIAL LIQUIDATOR  
287. All moneys to be paid into the Reserve Bank  
288. Bills, cheques and securities to be deposited into Bank  
289. Payments into Bank under section 471  
290. Official Liquidator's Dividend Account  
291. Fees to be credited to Central Government  
292. Where the company has no available assets  
  INVESTMENT OF SURPLUS FUNDS  
293. Investment of moneys  
294. Official Liquidator to examine the accounts for purposes of investment  
295. Investments to be made by the Bank  
296. Dividend and interest to be credited  
297. Refunds of income-tax  
 

FILING AND AUDIT OF THE OFFICIAL LIQUIDATOR's ACCOUNTS

 
298. Half-yearly accounts to be filed  
299. Form of account  
300. Nil account  
301. Registrar to send copy of account to the auditor  
302. Audit of the Official Liquidator's accounts  
303. Audit certificate to be filed  
304. Audit fees  
305. Inspection of the account and certificate of audit  
306. Account and auditor's report to be placed before Judge  
307. Legal assistance for the Official Liquidator  
308. Employment of additional or special staff  
309. Apportionment of expenses of common staff  
310. Applications under section 463(2) and section 545(3)  
311. Annual statement by the Official Liquidator under section 551  
 
VOLUNTARY WINDING-UP AND WINDING-UP SUBJECT TO SUPERVISION
 
312. Applicability of Rules 2.80  
313. Declaration of solvency in a members voluntary winding-up 2.80  
314.
Statement to be laid before meeting of creditors under section 495(1) 2.80
 
  LIQUIDATOR IN VOLUNTARY WINDING-UP  
315. Notice of appointment of liquidator  
316. Order for winding-up subject to supervision  
317. Security by liquidator appointed by Court  
318. Limit of remuneration of liquidator  
319. Restriction on purchase of goods by liquidator  
320. Office of liquidator vacated by his insolvency  
321. Resignation of liquidator  
322. Duty of liquidator upon resignation  
323. Books to be kept by the liquidator  
324. Banking account of the liquidator  
325. Bills, cheques and securities to be deposited in Bank  
326. Investment of surplus funds  
327. Liquidator's statements under section 551  
328. Annual statement under sections 496(1)(b) and 508(l)(b)  
329.
Notice convening final meeting and the account to be laid before the meeting
 
330.
Consideration by Court of the statements under section 551 and the final account, in a winding-up subject to the supervision of the Court
 
331. Returns to Registrar of Companies  
332. Inspection by creditor or contributory of statements filed by liquidator  
333. Audit of the liquidator's accounts  
333. Applications under section 518  
334. PAYMENT OF UNCLAIMED DIVIDENDS AND UNDISTRIBUTED ASSETS INTO THE COMPANIES LIQUIDATION  
335. ACCOUNT IN A WINDlNG·UP  
336. Statement to accompany payment  
337. Unclaimed dividends or undistributed assets under investment  
  Application by person for payment of money paid into the Companies Liquidation Account  
338. Costs and expenses payable out of the assets in a winding-up by the court  
     
     
  PART IV  
  COSTS AND TAXATION OF COSTS  
339.

Taxation of costs in Bombay, Calcutta and Madras

 
340.

Registrar to be Taxing Officer

 
341.

Costs in the discretion of the court

 
342.

Costs to be taxed in accordance with the practice and procedure oc the court

 
343.

All proper charges to be allowed

 
344.

Contents of bill of costs

 
345.

Vouchers to be filed

 
346.

Time for lodging bill

 
347.

Bill of costs by advocate or other person employed by Official Liquidator

 
348.

Scale of advocate's fees

 
349.

Fees in misfeasance proceedings

 
350.

Fees when proceeding is compromised

 
351.

Fees to more than one advocate

 
352.

Costs of parties having common interest

 
353.

Court's power to fix a fee

 
354.

Reference to Judge in Chambers

 
355.

Allowance to witnesses

 
356.

Taxation between advocate and client

 
357.

Review of taxation

 
358.

Appeal against review

 
359.

Certificate of taxation

 
     
 

PART V

 
     
  MISCELLANEOUS  
360. Inspection of file  
361. Saving of rules under Special Acts