360. Powers and functions of Official Liquidator
(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.