law: Companies Act, 2013 
  361.
  
    Summary
  
  procedure for liquidation.
  1.      Where the company to
  
  be wound up under this Chapter, Ś
               
  
   i.        
  
    has
  
  assets of book value not exceeding one crore rupees; and
              
  
   ii.        
  
    belongs
  
  to such class or classes of companies as may be prescribed, the Central
  
  Government may order it to be wound up by summary procedure provided under this
  
  Part.
  1.     
  2.      Where an order under
  
  sub-section (1 ) is made, the Central Government shall appoint the
  
  Official Liquidator as the liquidator of the company.
  3.      The Official
  
  Liquidator shall forthwith take into his custody or control all assets, effects
  
  and actionable claims to which the company is or appears to be entitled.
  4.      The Official
  
  Liquidator shall, within thirty days of his appointment, submit a report to the
  
  Central Government in such manner and form, as may be prescribed, including a
  
  report whether in his opinion, any fraud has been committed in promotion,
  
  formation or management of the affairs of the company or not.
  5.      On receipt of the
  
  report under sub-section (4 ), if the Central Government is satisfied
  
  that any fraud has been committed by the promoters, directors or any other
  
  officer of the company, it may direct further investigation into the affairs of
  
  the company and that a report shall be submitted within such time as may be
  
  specified.
  6.      After considering the
  
  investigation report under sub-section (5 ), the Central Government may
  
  order that winding up may be proceeded under Part I of this Chapter or under
  
  the provision of this Part.