Amended and updated notes on section 288 of Companies Act 2013. Detail discussion on provisions and rules related to submission of periodical reports to Tribunal.
Chapter XX (Section 270–365) of the Companies Act, 2013 (CA 2013) deals with the provisions related to winding up. Section 288 of CA 2013 provides for submission of periodical reports to Tribunal.
Recently, we have discussed in detail section 287 (Advisory committee) of CA 2013. Today, we learn the provisions of section 288 of the Companies Act 2013.
The provisions of section 288 are effective from 15th December, 2016. You may refer Notification No. S.O. 3677(E) issued dated 7-12-2016. In this article, you will learn detail of the provisions of section 288 the Companies Act 2013.
| Name of Act | The Companies Act 2013 |
|---|---|
| Enacted by | Parliament of India |
| Administered by | Ministry of Corporate Affairs (MCA) |
| Number of Chapters | 29 |
| Number of Sections | 484 (470-43+57) |
| Number of Schedules | 7 |
| You are reading: | |
| Chapter No. | XX |
| Chapter Name | Winding Up |
| Section No. | 288 |
| Section Name | Submission of periodical reports to Tribunal |
| Monthly Updated Edition | Company Law PDF |
Section 288 of Companies Act 2013: Submission of periodical reports to Tribunal
Section 288 shall come into force on 15th December, 2016 vide Notification No. S.O. 3677(E) dated 07.12.2016.
(1) The Company Liquidator shall make periodical reports to the Tribunal and in any case make a report at the end of each quarter with respect to the progress of the winding up of the company in such form and manner as may be prescribed.
(2) The Tribunal may, on an application by the Company Liquidator, review the orders made by it and make such modifications as it thinks fit.