What is Appeals from orders made before commencement of Act Circumstances in which company may be wound up voluntarily Section 303 and 304 of Indian Companies Act 2013

Appeals from orders made before commencement of Act Circumstances in which company may be wound up voluntarily are defined under Section 303 and 304 of Indian Companies Act 2013. Provisions under these Sections are:

Section 303 of Indian Companies Act 2013 "Appeals from orders made before commencement of Act"

Nothing in this Chapter shall affect the operation or enforcement of any order made by any Court in any proceedings for the winding up of a company immediately before the commencement of this Act and an appeal against such order shall be filed before such authority competent to hear such appeals before such commencement.


 

Section 304 of Indian Companies Act 2013 "Circumstances in which company may be wound up voluntarily"

A company may be wound up voluntarily, -

(a) if the company in general meeting passes a resolution requiring the company to be wound up voluntarily as a result of the expiry of the period for its duration, if any, fixed by its articles or on the occurrence of any event in respect of which the articles provide that the company should be dissolved; or

(b) if the company passes a special resolution that the company be wound up voluntarily.

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