Section 338: Liquidator to keep books containing proceedings of meetings

338. Liquidator to keep books containing proceedings of meetings.— The official liquidator of a company which is being wound up by the Court shall, in order to reflect a correct and fair view of` the administration of the company’s affairs, maintain proper books of accounts and also keep the following books− (a) register showing the dates at which notices were issued to the creditors and contributories; (b) minutes book of all proceedings and resolutions passed at any meeting of the contributories or the creditors; (c) register containing particulars of all transactions and negotiations made by him in relation to the winding up of the company and the connected matters.

Effective date: 2017-05-30

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