Section 281 — Submission of report by Company Liquidator

(1) Where the Tribunal has mad e a winding
up order or appointed a Company Liquidator, such liquidator shall, within sixty days from the order, submit
to the Tribunal, a report containing the following particulars, namely:—
(a) the nature and details of the assets of the company includi ng their location and value, stating
separately the cash balance in hand and in the bank, if any, and the negotiable securities, if any, held
by the company:
Provided that the valuation of the assets shall be obtained from registered valuers for this purpose;
(b) amount of capital issued, subscribed and paid-up;
(c) the existing and contingent liabilities of the company including names, addresses and
occupations of its creditors, stating separately the amount of secured and unsecured debts, and in the
case of secured debts, particulars of the securities given, whether by the company or an officer thereof,
their value and the dates on which they were given;
(d) the debts due to the company and the names, addresses and occupations of the persons from
whom they are due and the amount likely to be realised on account thereof;
(e) guarantees, if any, extended by the company;
(f) list of contributories and dues, if any, payable by them and details of any unpaid call;
(g) details of trade marks and intellectual properties, if any, owned by the company;
(h) details of subsisting contracts, joint ventures and collaborations, if any;
(i) details of holding and subsidiary companies, if any;
(j) details of legal cases filed by or against the company; and
(k) any other information which the Tribunal may direct or the Company Liquidator may consider
necessary to include.
(2) The Company Liquidator shall include in his report the manner in which the company was promoted
or formed and whether in his opinion any fraud has been committed by any person in its promotion or
formation or by any officer of the company in relation to the company since the formation thereof and any
other matters which, in his opinion, it is desirable to bring to the notice of the Tribunal.
(3) The Company Liquidator shall also make a report on the viability of the business of the company
or the steps which, in his opinion, are necessary for maximising the value of the assets of the company.
(4) The Company Liquidator may also, if he thinks fit, make any further report or reports.
(5) Any person describing himself in writing to be a creditor or a contributory of the company shall be