Sections 261 to 300 of the Companies Act 2013

Updated: 17 September 2026

Sections 261 to 300 of the Companies Act, 2013 originally covered provisions relating to revival and rehabilitation of sick companies and winding up. The statutory framework has since undergone important changes following the enactment of the Insolvency and Bankruptcy Code, 2016.

Important legal update: Sections 253 to 269 of the Companies Act, 2013 have been omitted. Therefore, Sections 261 to 269 listed on this page form part of the historical statutory framework and should not be treated as presently operative provisions. Section 289 has also been omitted.

Current Legal Position

Chapter XIX of the Companies Act, 2013 originally dealt with revival and rehabilitation of sick companies. Sections 253 to 269 were subsequently omitted following changes introduced through the Insolvency and Bankruptcy Code, 2016.

Corporate insolvency resolution and liquidation are now principally governed by the Insolvency and Bankruptcy Code, 2016 where that Code applies. Chapter XX of the Companies Act, 2013 continues to contain provisions concerning winding up by the Tribunal under the Companies Act.

Meaning of Tribunal: For the purposes of the Companies Act, 2013, the expression "Tribunal" generally refers to the National Company Law Tribunal constituted under Section 408 of the Act, subject to the context of the particular provision.

Sections 261 to 269 - Omitted Provisions

The following internal pages are retained for reference to the former statutory provisions. These sections are now omitted and should be read as historical material.

Section 270 - Winding Up by Tribunal

Section 270 provides the statutory starting point for winding up by the Tribunal under the Companies Act, 2013. The provisions of Part I of Chapter XX apply to winding up of a company by the Tribunal under the Act.

Sections 271 to 280 - Winding Up Proceedings

Sections 281 to 288 - Company Liquidator and Winding Up Administration

Section 289 - Omitted

Section 289, which formerly dealt with the power of the Tribunal on an application for stay of winding up, has been omitted. The existing internal page is retained for historical reference and for access to the related Section 290 material.

Sections 290 to 300 - Powers, Accounts, Contributories and Examination

Understanding the Present Winding Up Framework

The Companies Act, 2013 and the Insolvency and Bankruptcy Code, 2016 must be distinguished when considering corporate financial distress. The Insolvency and Bankruptcy Code establishes the principal insolvency resolution and liquidation framework for corporate persons to which the Code applies, while the Companies Act continues to provide specified grounds and procedures for winding up by the Tribunal.

Section 271 specifies circumstances in which a company may be wound up by the Tribunal. Section 272 deals with presentation of a winding up petition, while the succeeding provisions regulate the Tribunal's powers, appointment and functions of Company Liquidators, custody and administration of assets, contributories, accounts and examination of persons connected with the company.

Practical note: Older material describing Sections 261 to 269 as operative revival and rehabilitation provisions should be checked against the amended Companies Act, 2013 and the Insolvency and Bankruptcy Code, 2016 before being relied upon.

Official Legal Resources

For the latest statutory text, amendments, rules, notifications and insolvency regulations, readers should verify the applicable law through the Ministry of Corporate Affairs, India Code and the Insolvency and Bankruptcy Board of India.