Effect of Voluntary Winding Up
1[309. In the case of a voluntary winding up, the company shall from the commencement of the winding up cease to carry on its business except as far as required for the beneficial
winding up of its business:
Provided that the corporate state and corporate powers of the company shall continue until it is dissolved.]
Amendment
1. Omitted by vide MCA Notification number F.O. 3453(E) Dated 15th Noivember, 2016. |