Section 360 Powers and functions of Official Liquidator – Companies Act 2013

Amended and updated notes on section 360 of Companies Act 2013. Provisions and rules related to powers and functions of Official Liquidator.

Amended and updated notes on section 360 of Companies Act 2013. Detail discussion on provisions and rules related to powers and functions of Official Liquidator.

Chapter XX (Section 270365) of the Companies Act, 2013 (CA 2013) deals with the provisions related to winding up. Section 360 of CA 2013 provides for powers and functions of Official Liquidator.

Recently, we have discussed in detail section 359 (Appointment of Official Liquidator) of CA 2013. Today, we learn the provisions of section 360 of the Companies Act 2013.

The provisions of section 360 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 360 the Companies Act 2013.

Name of ActThe Companies Act 2013
Enacted byParliament of India
Administered byMinistry of Corporate Affairs (MCA)
Number of Chapters29
Number of Sections484 (470-43+57)
Number of Schedules7
You are reading:
Chapter No.XX
Chapter NameWinding Up
Section No.360
Section NamePowers and functions of Official Liquidator
Monthly Updated EditionCompany Law PDF

Section 360 of Companies Act 2013: Powers and functions of Official Liquidator

Section 360 shall come into force on 15th December, 2016 vide Notification No. S.O. 3677(E) dated 07.12.2016.

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

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

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