Companies act 2013 winding up provisions
Web2 days ago · KUALA LUMPUR (April 12): Jerasia Capital Bhd has been ordered to be wound up by the Shah Alam High Court for failing to pay some RM24 million owed to Ambank (M) Bhd.The court order dated March 29 was made under the provisions of the Companies Act 2016.In a bourse filing on Wednesday (April 12), Jerasia said under the order, the … WebDec 11, 2024 · The court therefore adopted a purposive approach and analyzed various provisions of both the present and the erstwhile Companies Act to arrive at its result. As per section 278 of the Act (section 447 of the erstwhile Companies Act, 1956), a winding up order operates against all the creditors and contributories of the company, as if it has …
Companies act 2013 winding up provisions
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WebModes of winding up. — (1) The winding up of a company may be either—. (b) voluntary. (2) Notwithstanding anything contained in any other Act, the provisions of this Act with … WebApr 5, 2024 · (1) Subject to the provisions of this section, a petition to the for the winding up of a shall be presented by— (a) the company; (b) any or contributories; (c) all or any of the persons specified in clauses (a) and (b); (d) the ; (e) any person authorised by the Central Government in … Continue reading Section 272. Petition for winding up →
WebOct 31, 2024 · Winding up of a company means cessation of all its operations, it no longer remains in existence afterwards and all its assets and liabilities are taken care of as per relevant provisions of law. In fact, … WebThe procedure for winding up of a company can be initiated voluntarily by the shareholders or creditors or by a Tribunal. In this article, we look at the procedure for winding up of a company voluntarily. Winding up of a Company by Tribunal. As per Companies Act 2013, a company can be wound up by a Tribunal, if: The company is unable to pay its ...
WebJun 22, 2024 · The provisions concerning striking off (Section 248 to Section 252 of Companies Act, 2013), and winding up (Section 270 to Section 365 of Companies Act, 2013) prescribes the same rules and procedures. Winding-up. Winding up is a procedure by which the dissolution of a company gets conducted. Moreover, its assets are collected … WebJan 15, 2024 · To trigger section 271, MCA notified the provisions of Chapter XX of the Companies Act, 2013 on December 7, 2016 [enforced w.e.f. December 15, 2016] with little tweaking with section 271 to remove ...
WebJun 24, 2024 · Compulsory Winding up of the Company. When the company, formed and registered under the ordinance, has been ordered to be wind up by the Court or Tribunal the same is known as compulsory winding up of a company. Circumstances Under which a Company may be Wind Up by the Tribunal . As per provisions of the Companies Act, …
WebMay 17, 2015 · As per section 270 of the Companies Act 2013, the procedure for winding up of a company can be initiated either – a) By the tribunal or, b) Voluntary. I. WINDING … dry scalp gluten freeWebWinding-Up of a Foreign Company: Lessons from Hong Kong ... The article focuses on the whistle blowing provisions of the Companies Act, 2013 … commentary on proverbs chapter 2Web375. Winding up of unregistered companies. 376. Power to wind up foreign companies, although dissolved. 377. Provisions of Chapter cumulative. 378. Saving and construction of enactments conferring power to wind up partnership firm, association or company, etc., in certain cases. 378A. Definitions. 378B. Objects of Producer Company. 378C. dry scalp hairWebWinding Up Under The Companies Act, 2013 - Our Legal World YouTube. Section 306 Commencement of winding up by Court Companies Act, 2024 (CL013) - YouTube ... (Winding Up and Miscellaneous Provisions) Handbook - Fifth Edition National Service Information. Infographic: LLC Dissolution - Is Your Limited Liability Company Ready to … dry scalp flakes shaved headWebMar 2, 2024 · Voluntary Winding Up of a Company Under Section 59 Of The Insolvency & Bankruptcy Code, 2016 A Private limited company is tied with many regulations and … commentary on psalm 108WebJun 18, 2024 · Under the Act, Chapter XX encapsulated provisions relating to winding up of companies precisely, section 270(1), the 2013 Act which provided for ‘modes of winding up’. The introduction of the Code brought in sweeping changes to Chapter XX (Winding Up) of the 2013 Act. It becomes interesting to note at this juncture that prior to the ... dry scalp hairlineWebNov 21, 2015 · Petition under 397 & 398 of the Companies Act, 1956. Appeared before CLB, NCLT, NCLAT. Appeal to be filed before Supreme Court. Appeared before NCLT and NCLAT against an IBC petition … commentary on psalm 104 enduring word