260. Powers and duties of company administrator.— (1) The company administrator shall perform
such functions as the Tribunal may direct.
(2) Without prejudice to the provisions of sub-section (1), the company administrator may cause to be
prepared with respect to the company—
(a) a complete inventory of—
(i) all assets and liabilities of whatever nature;
(ii) all books of account, registers, maps, plans, records, documents of title and all other
documents of whatever nature;
(b) a list of shareholders and a list of creditors showing separately in the list of creditors, the
secured creditors and unsecured creditors;
(c) a valuation report in respect of the shares and assets in order to arrive at the reserve price for
the sale of any industrial undertaking of the company or for the fixation of the lease rent or share
exchange ratio;
(d) an estimate of the reserve price, lease rent or share exchange ratio;
(e) proforma accounts of the company, where no up-to-date audited accounts are available; and
(f) a list of workmen of the company and their dues referred to in sub-section (3) of section 325.
