(1) The Official Liquidator2(61) Official Liquidator means an Official Liquidator appointed under sub-section (1) of section 359 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 Liquidator2(23) Company Liquidator means a person appointed by the Tribunal as the Company Liquidator in accordance with the provisions of section 275 for the winding up of a company under this Act. under the provisions of this Act; and
(b) conduct inquiries or investigations, if directed by the Tribunal2(90) Tribunal means the National Company Law Tribunal constituted under section 408 or the Central Government, in respect of matters arising out of winding up proceedings.