Section 309 of Companies Act 2013 :-
Effect of voluntary winding up.
In the case of a voluntary winding up, the company shall from the commencement of the winding up cease to carry on its business except as far as required for the beneficial winding up of its business: Provided that the corporate state and corporate powers of the company shall continue until it is dissolved.
India's Important Case Laws and Landmark Judgments on Companies Act 2013.
Section 309 Companies Act 1956 has been repealed.
Effect of voluntary winding up.
In the case of a voluntary winding up, the company shall from the commencement of the winding up cease to carry on its business except as far as required for the beneficial winding up of its business: Provided that the corporate state and corporate powers of the company shall continue until it is dissolved.
India's Important Case Laws and Landmark Judgments on Companies Act 2013.
Section 309 Companies Act 1956 has been repealed.
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