Act Number: 18

Act Name: The Companies Act, 2013

Year: 2013

Enactment Date: 2013-08-29

Long Title: An Act to consolidate and amend the law relating to companies.

Ministry: Ministry of Corporate Affairs

Department:

Section 363: Settlement of claims of creditors by Official Liquidator.
     (1) The Official Liquidator within thirty days of his appointment shall call upon the creditors of the company to prove their claims in such manner as may be prescribed, within thirty days of the receipt of such call.
     (2) The Official Liquidator shall prepare a list of claims of creditors in such manner as may be prescribed and each creditor shall be communicated of the claims accepted or rejected along with reasons to be recorded in writing.
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