Companies Act Section 309: Effect of voluntary winding up.

THE COMPANIES ACT, 2013

ACT NO. 18 OF 2013

COMPANIES ACT 2013 SECTION 309 CHAPTER XX

WINDING UP

 

Effect of voluntary winding up.— 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.

Tags: companies act 2013 section 309 CHAPTER XX, companies act 2013, companies act chapter xx, company act section 309, effect of voluntary winding up.



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