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What is declaration of solvency in case of proposal to wind up voluntarily What is Meeting of creditors Section 305 and 306 of Indian Companies Act 2013

Declaration of solvency in case of proposal to wind up voluntarily and Meeting of creditors are defined under Section 305 and 306 of Indian Companies Act 2013. Provisions under these Sections are:

Section 305 of Indian Companies Act 2013 "Declaration of solvency in case of proposal to wind up voluntarily"

[Declaration of solvency in case of proposal to wind up voluntarily.] Omitted by s. 255 and the Eleventh Schedule, ibid. (w.e.f. 15-11-2016).

 

Section 306 of Indian Companies Act 2013 "Meeting of creditors"

[Meeting of creditors.] Omitted by s. 255 and the Eleventh Schedule, ibid. (w.e.f. 15-11-2016).

 

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