law: Companies Act, 2013 
  277.
  
    Intimation
  
  to Company Liquidator, provisional liquidator and Registrar.
  1.      Where the Tribunal
  
  makes an order for appointment of provisional liquidator or for the winding up
  
  of a company, it shall, within a period not exceeding seven days from the date of
  
  passing of the order, cause intimation thereof to be sent to the Company
  
  Liquidator or provisional liquidator, as the case may be, and the Registrar.
  2.      On receipt of the
  
  copy of order of appointment of provisional liquidator or winding up order, the
  
  Registrar shall make an endorsement to that effect in his records relating to
  
  the company and notify in the Official Gazette that such an order has been made
  
  and in the case of a listed company, the Registrar shall intimate about such
  
  appointment or order, as the case may be, to the stock exchange or exchanges
  
  where the securities of the company are listed.
  3.      The winding up order
  
  shall be deemed to be a notice of discharge to the officers, employees and
  
  workmen of the company, except when the business of the company is continued.
  4.      Within three weeks
  
  from the date of passing of winding up order, the Company Liquidator shall make
  
  an application to the Tribunal for constitution of a winding up committee to
  
  assist and monitor the progress of liquidation proceedings by the Company
  
  Liquidator in carrying out the function as provided in sub-section (5 )
  
  and such winding up committee shall comprise of the following persons, namely:—
               
  
   i.        
  
    Official
  
  Liquidator attached to the Tribunal;
              
  
   ii.        
  
    nominee
  
  of secured creditors; and
             
  
   iii.        
  
    a
  
  professional nominated by the Tribunal.
  1.     
  2.     
  3.     
  4.     
  5.      The Company
  
  Liquidator shall be the convener of the meetings of the winding up committee
  
  which shall assist and monitor the liquidation proceedings in following areas
  
  of liquidation functions, namely:—
               
  
   i.        
  
    taking
  
  over assets;
              
  
   ii.        
  
    examination
  
  of the statement of affairs;
             
  
   iii.        
  
    recovery
  
  of property, cash or any other assets of the company including benefits derived
  
  there from;
             
  
   iv.        
  
    review
  
  of audit reports and accounts of the company;
              
  
   v.        
  
    sale
  
  of assets;
             
  
   vi.        
  
    finalisation
  
  of list of creditors and contributories;
            
  
   vii.        
  
    compromise,
  
  abandonment and settlement of claims;
           
  
   viii.        
  
    payment
  
  of dividends, if any; and
             
  
   ix.        
  
    any
  
  other function, as the Tribunal may direct from time to time.
  1.     
  2.     
  3.     
  4.     
  5.     
  6.      The Company
  
  Liquidator shall place before the Tribunal a report along with minutes of the
  
  meetings of the committee on monthly basis duly signed by the members present
  
  in the meeting for consideration till the final report for dissolution of the
  
  company is submitted before the Tribunal.
  7.      The Company
  
  Liquidator shall prepare the draft final report for consideration and approval
  
  of the winding up committee.
  8.      The final report so
  
  approved by the winding up committee shall be submitted by the Company
  
  Liquidator before the Tribunal for passing of a dissolution order in respect of
  
  the company.