Powers and functions of Official Liquidator :
Section – 360. (1) The Official Liquidator shall exercise such powers and perform such duties as the Central Government may prescribe.
(2) Without prejudice to the provisions of sub-section (1), the Official Liquidator may—
| (a) | exercise all or any of the powers as may be exercised by a Company Liquidator under the provisions of this Act; and | |
| (b) | conduct inquiries or investigations, if directed by the Tribunal or the Central Government, in respect of matters arising out of winding up proceedings. |