close

CHAPTER XX
WINDING UP

 Notified Date of Section: 7/12/2016

Effective Date: 15/12/2016

 

 

Modes of Winding Up.

 

 

1["270. The provisions of Part I shall apply to the winding up of a company by the Tribunal under this Act.".]

 

 

Amendment

1. Substituted by vide MCA Notification number F.O. 3453(E) Dated 15th November, 2016

For Section 270 ,

270. (1) The winding up of a company may be either—
(a) by the Tribunal; or
(b) voluntary.

(2) Notwithstanding anything contained in any other Act, the provisions of this Act with respect to winding up shall apply to the winding up of a company in any of the modes specified under sub-section (1).

the following section shall be substituted, namely:—

 "270. The provisions of Part I shall apply to the winding up of a company by the Tribunal under this Act.".