SECTION 334. TRANSFERS, ETC., AFTER COMMENCEMENT OF
WINDING UP TO BE VOID
[Effective from 15th December, 2016]
(1) In the case of a voluntary winding up, any transfer of shares in the company, not being a transfer made to or with the sanction of the Company Liquidator, and any alteration in the status of the members of the company, made after the commencement of the winding up, shall be void.
(2) In the case of a winding up by the Tribunal, any disposition of the property, including actionable claims, of the company, and any transfer of shares in the company or alteration in the status of its members, made after the commencement of the winding up, shall, unless the Tribunal otherwise orders, be void.
Hello corporatelawreporter.com webmaster, Your posts are always a great source of information.
Hello to every body, it’s my first pay a quick visit of this
web site; this weblog consists of amazing and truly fine information designed for
readers.
Howdy! This post could not be written any better! Reading
through this post reminds me of my previous roommate!
He constantly kept preaching about this. I am going to send this post to him.
Fairly certain he’ll have a good read. Many thanks for
sharing!
What a material of un-ambiguity and preserveness of valuable experience regarding unpredicted emotions.