24 Voluntary Winding-Up | Knowledge Bank

PART-III
VOLUNTARY WINDING-UP

24 Voluntary Winding-Up

(1) Declaration in voluntary winding-up.- The declaration to be made by the director or directors or in case the company has more than two directors, by the majority of directors of a company under sub-section (1) of section 305, shall be in Form No. 51.

(2) Statement of position .- For the purposes of clause (a) of sub-section (2) of section 306, the statement of position of the company’s affairs shall be in Form No. 52.

(3) Winding up by the Tribunal– An application for winding up of the company by the Tribunal in pursuance of clause (b) of sub-section (3) of section 306 shall be made inForm No. 53.

(4) Publication of resolution to wind up voluntarily – For the purposes of sub-section (1) of section 307, notice of the resolution to wind up shall be given in Form No. 54.

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