Section 270 of Companies Act, 2013 – Modes of winding up

  • Updated Till : November 12, 2018

SECTION 270. MODES OF WINDING UP

[Effective from 15th December, 2016]

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

 

 

 

 

 

 

[1] Substituted by the Insolvency and Bankruptcy Code, 2016 (13 of 2016), s. 255 & eleventh schedule for the words   “Section 270. Modes of winding up.—(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).”

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