law: Companies Act, 2013 
  314.
  
    Powers
  
  and duties of Company Liquidator in voluntary winding up.
  1.      The Company
  
  Liquidator shall perform such functions and discharge such duties as may be
  
  determined from time to time by the company or the creditors, as the case may
  
  be.
  2.      The Company
  
  Liquidator shall settle the list of contributories, which shall be prima
  
  facie evidence of the liability of the persons named therein to be
  
  contributories.
  3.      The Company
  
  Liquidator shall call general meetings of the company for the purpose of obtaining
  
  the sanction of the company by ordinary or special resolution, as the case may
  
  require, or for any other purpose he may consider necessary.
  4.      The Company
  
  Liquidator shall maintain regular and proper books of account in such form and
  
  in such manner as may be prescribed and the members and creditors and any
  
  officer authorised by the Central Government may inspect such books of account.
  5.      The Company
  
  Liquidator shall prepare quarterly statement of accounts in such form and
  
  manner as may be prescribed and file such statement of accounts duly audited
  
  within thirty days from the close of each quarter with the Registrar, failing
  
  which the Company Liquidator shall be punishable with fine which may extend to
  
  five thousand rupees for every day during which the failure continues.
  6.      The Company
  
  Liquidator shall pay the debts of the company and shall adjust the rights of
  
  the contributories among themselves.
  7.      The Company
  
  Liquidator shall observe due care and diligence in the discharge of his duties.
  8.      If the Company
  
  Liquidator fails to comply with the provisions of this section except
  
  sub-section (5 ) he shall be punishable with fine which may extend to ten
  
  lakh rupees.