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CS Professional · Corporate Restructuring, Valuation and Insolvency · Winding-up by Tribunal under the Companies Act, 2013

Orion Pharma Ltd files its own winding-up petition with a statement of affairs. A copy is also filed with the Registrar on the same day. Within what period must the Registrar submit his views to the Tribunal?

The Registrar must submit his views to the Tribunal within sixty days of receiving the copy of the petition. Section 272(5) requires a copy of any winding-up petition to be filed with the Registrar, who then reports his views within that period.

  1. AThirty days of receipt of the copy
  2. BForty-five days of receipt of the copy
  3. CSixty days of receipt of the copyCorrect
  4. DNinety days of receipt of the copy

Explanation

Section 272(5) requires a copy of the petition to be filed with the Registrar, who must submit his views to the Tribunal within sixty days of receipt. Thirty or ninety days are not the statutory period.

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