Sick Industrial Companies (Special Provisions) Act, 1985
21. Operating agency to prepare complete inventory, etc.
Where 11[for the proper discharge of the functions of the Board under this Act] the circumstances so require, the Board may, through any operating agency, cause to be prepared-
(a) with respect to 12[a company], a complete inventory of-
(i) all assets and liabilities of whatever nature;
(ii) all books of account, registers, maps, plans, records, documents of title or ownership of property and all other documents of whatever nature relating thereto;
(b) a list of shareholders and list of creditors showing separately in the list of creditors, the secured creditors and the 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 a part or whole of the industrial undertaking of the company or for fixation of the lease rent or share exchange ratio;
(d) an estimate of reserve price, lease rent or share exchange ratio; and
(e) proforma accounts, where no up to date audited accounts are available.