Section 226 — Voluntary winding up of company, etc., not to stop investigation proceedings
An
investigation under this Chapter may be initiated notwithstanding, and no such investigation shall be
stopped or suspended by reason only of, the fact that—
(a) an application has been made under section 241;
(b) the company has passed a special resolution for voluntary winding up; or
(c) any other proceeding for the winding up of the company is pending before the Tribunal:
Provided that where a winding up order is passed by the Tribunal in a proceeding referred to in clause
(c), the inspector shall inform the Tribunal about the pendency of the investigation proceedings before him
and the Tribunal shall pass such order as it may deem fit:
Related sections
- Section 206 — Power to call for information, inspect books and conduct inquiries
- Section 208 — Report on inspection made
- Section 209 — Search and seizure
- Section 210 — Investigation into affairs of company
- Section 211 — Establishment of Serious Fraud Investigation Office
- Section 212 — Investigation into affairs of Company by Serious Fraud Investigation Office
- Section 213 — Investigation into company’s affairs in other cases
- Section 214 — Security for payment of costs and expenses of investigation
- Section 215 — Firm, body corporate or associati on not to be appointed as inspector
- Section 216 — Investigation of ownership of company
- Section 217 — Procedure, powers, etc., of inspectors
- Section 218 — Protection of employees during investigation
- Section 219 — Power of inspector to conduct investi gation into affairs of related companies, etc
- Section 220 — Seizure of documents by inspector
- Section 221 — Freezing of assets of company on inquiry and investigation
- Section 222 — Imposition of restrictions upon securities
- Section 223 — Inspector’s report
- Section 224 — Actions to be taken in pursuance of inspector’s report
- Section 225 — Expenses of investigation
- Section 227 — Legal advisors and bankers not to disclose certain information
- Section 228 — Investigation, etc., of foreign companies
- Section 229 — Penalty for furnishing false statement, mu tilation, destruction of documents