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

SECTION 360. POWERS AND FUNCTIONS OF OFFICIAL LIQUIDATOR

[Effective from 15th December, 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.