The Indian Companies Act 1882, 6 of 1882, (Rep., Act 1 of 1956)

Section 144. The official liquidator shall have power, with the sanction of the Court, to do the following things:

Repealed or not in force · As amended up to 2026-08

144. The official liquidator shall have power, with the sanction of the Court, to do the following things:— (a) to bring or defend any suit or prosecution, or other legal proceeding, civil or criminal, in the name and on behalf of the Company; (b) to carry on the business of the Company so far as may be necessary for the beneficial winding-up of the same; (c) to sell the immoveable and moveable property of the Company by public auction or private contract, with power to transfer the whole thereof to any person or Company, or to sell the same in parcels; (d) to do all acts, and to execute, in the name and on behalf of the Company, all deeds, receipts and other documents, and for that purpose to use, when necessary, the Company's seal; (e) to prove, rank, claim and draw a dividend, in the matter of the insolvency of any contributory, for any balance against the estate of such contributory, and to take and receive dividends in respect of such balance, in the matter of the insolvency, as a separate debt due from such insolvent, and rateably with the other separate creditors; (f) to draw, accept, make and endorse any bill of exchange, hundi or promissory note in the name and on behalf of the Company; also to raise, upon the security of the assets of the Company, from time to time, any requisite sum or sums of money; and the drawing, accepting, making or endorsing of every such bill, hundi or note as aforesaid on behalf of the Company shall have the same effect with respect to the liability of such Company as if such bill or note had been drawn, accepted, made or endorsed by or on behalf of such Company in the course of carrying on the business thereof; (g) to take out, if necessary, in his official name, letters of administration to the estate of any deceased contributory, and to do, in his official name, any other act 1882.] Companies. act that may be necessary for obtaining payment of any monies due from a contributory or from his estate, and which act cannot be conveniently done in the name of the Company; and, in all cases where he takes out letters of administration, or otherwise uses his official name for obtaining payment of any monies due from a contributory, such monies shall, for the purpose of enabling him to take out such letters or recover such monies, be deemed to be due to the official liquidator himself: provided that nothing herein contained shall be deemed to affect the rights, duties and privileges of the Administrators General of Bengal, Madras and Bombay respectively; (h) to do and execute all such other things as may be necessary for winding-up the affairs of the Company and distributing its assets. 145. The Court may provide by any order that the official liquidator may exercise any of the above powers without the sanction or intervention of the Court, and, where an official liquidator is provisionally appointed, may limit and restrict his powers by the order appointing him. 146. The official liquidator may, with the sanction of the Court, appoint an attorney or vakil to assist him in the performance of his duties: provided that, where the official liquidator is an attorney, he shall not appoint his partner, unless the latter consents to act without remuneration. Ordinary Powers of Court. 147. As soon as may be after making an order for winding-up the Company, the Court shall settle a list of contributories, with power to rectify the register of members in all cases where such rectification is required in pursuance of section fifty-eight, and shall cause the assets of the Company to be collected and applied in discharge of its liabilities existing at the date of the said order. 148. In settling the list of contributories, the Court shall distinguish between persons who are contributories in their own right, and persons who are contributories Diseretion of official liquidator. Appointment of attorney or vakil to official liquidator. Collection and application of assets. Provision as to representative contributories. Companies. [ACT VI contributories as being representatives of, or being liable to the debts of, others. Power of Court to require delivery of property.

Source: India Code