Section 303 — Appeals from orders made before commencement of Act
Nothing in this Chapter shall affect
the operation or enforcement of any order made by any Court in any proceedings for the winding up of a
company immediately before the commencement of this Act and an appeal against such order shall be filed
before such authority competent to hear such appeals before such commencement.
[Part II.—Voluntary winding up] Omitted by the Insolvency and Bankruptcy Code, 2016 (31 of 2016),
s. 255 and the Eleventh Schedule (w.e.f. 15-11-2016).
304.[Circumstances in which company may be wound up voluntarily. ] Omitted by s . 255 and the
Eleventh Schedule, ibid.(w.e.f. 15-11-2016).
305.[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).
306.[Meeting of creditors.]Omitted by s. 255 and the Eleventh Schedule, ibid. (w.e.f. 15-11-2016).
307.[Publication of resolution to wind up voluntarily. ] Omitted by s . 255and the Eleventh Schedule,
ibid.(w.e.f. 15-11-2016).
308.[Commencement of voluntary winding up .] Omitted by s . 255 and the Eleventh Schedule, ibid.
(w.e.f. 15-11-2016).
309.[Effect of voluntary winding up .] Omitted by s. 255 and the Eleventh Schedule, ibid.
(w.e.f. 15-11-2016).
1. Subs. by Act 29 of 2020, s. 47, for sub-section (3) (w.e.f. 21-212020).
2. Sub-section (4) omitted by s. 47, ibid. (w.e.f. 21-12-2020).
310.[Appointment of Company Liquidator .] Omitted by s. 255 and the Eleventh Schedule, ibid.
(w.e.f. 15-11-2016).
311.[Power to remove and fill vacancy of Company Liquidator .] Omitted by s. 255 and the Eleventh
Schedule, ibid.(w.e.f. 15-11-2016).
312.[Notice of appointment of Company Liquidator to be given to Registrar.]Omitted by s. 255 and the
Eleventh Schedule, ibid.(w.e.f. 15-11-2016).
313.[Cesser of Board’s powers on appointment of Company Liquidator .]Omitted by s. 255 and the
Eleventh Schedule, ibid.(w.e.f. 15-11-2016).
314.[Powers and duties of Company Liquidator in voluntary winding up .]Omitted by s . 255 and the
Eleventh Schedule, ibid.(w.e.f. 15-11-2016).
315.[Appointment of committees .]Omitted by s. 255 and the Eleventh Schedule, ibid. (w.e.f. 15 -11-
2016).
316.[Company Liquidator to submit report on progress of winding up.] Omitted by the Insolvency and
Bankruptcy Code, 2016 (31 of 2016), s. 255 and the Eleventh Schedule (w.e.f. 15-11-2016).
317.[Report of Company Liquidator to Tribunal for examination of persons.] Omitted by s. 255 and the
Eleventh Schedule, ibid.(w.e.f. 15-11-2016).
318.[Final meeting and dissol ution of company .] Omitted by s. 255 and the Eleventh Schedule,
ibid.(w.e.f. 15-11-2016).
Related sections
- Section 273 — Powers of Tribunal
- Section 274 — Directions for filing statement of affairs
- Section 275 — Company Liquidators and their appointments
- Section 276 — Removal and replacement of liquidator
- Section 277 — Intimation to Company Liquidator, provisional liquidator and Registrar
- Section 278 — Effect of winding up order
- Section 279 — Stay of suits, etc., on winding up order
- Section 281 — Submission of report by Company Liquidator
- Section 282 — Directions of Tribunal on report of Company Liquidator
- Section 283 — Custody of company’s properties
- Section 284 — Promoters , directors, etc., to cooperate with Company Liquidator
- Section 285 — Settlement of list of contributories and application of assets
- Section 286 — Obligations of directors and managers
- Section 287 — Advisory committee
- Section 288 — Submission of periodical reports to Tribunal
- Section 289 — [Power of Tribunal on application for stay of winding up .] Omitted by the Insolvency and
- Section 290 — Powers and duties of Company Liquidator
- Section 291 — Provision for professional assistance to Company Liquidator
- Section 292 — Exercise and control of Company Liquidator’s powers
- Section 293 — Books to be kept by Company Liquidator
- Section 294 — Audit of Company Liquidator’s accounts
- Section 295 — Payment of debts by contributory and extent of set -off
- Section 296 — Power of Tribunal to make calls
- Section 297 — Adjustment of rights of contributories
- Section 298 — Power to order costs
- Section 299 — Power to summon persons suspected of having property of company, etc
- Section 300 — Power to order examination of promoters, directors, etc
- Section 301 — Arrest of person trying to leave India or abscond
- Section 302 — Dissolution of company by Tribunal
- Section 320 — [Distribution of property of company .] Omitted by s . 255 and the Eleventh Schedule, ibid
- Section 321 — [ Arrangement when binding on company and creditors .] Omitted by the Insolvency and
- Section 322 — [Power to apply to Tribunal to have questions determined, etc.] Omitted by s. 255 and the Eleventh
- Section 324 — Debts of all descriptions to be admitted to proof
- Section 327 — Preferential payments
- Section 328 — Fraudulent preference
- Section 330 — Certain transfers to be void
- Section 331 — Liabilities and rights of certain persons fraudulently preferred
- Section 332 — Effect of floating charge
- Section 333 — Disclaimer of onerous property
- Section 335 — Certain attachments, executions, etc., in winding up by Tribunal to be void
- Section 336 — Offences by officers of companies in liquidation
- Section 337 — Penalty for frauds by officers
- Section 338 — Liability where proper accounts not kept
- Section 339 — Liability for fraudulent conduct of business
- Section 340 — Power of Tribunal to assess damages against delinquent directors, etc
- Section 341 — Liability under sections 339 and 340 to extend to partners or directors in firms or
- Section 342 — Prosecution of delinquent officers and members of company
- Section 343 — Company Liquidator to exercise certain powers subject to sanction
- Section 344 — Statement that company is in liquidation
- Section 345 — Books and papers of company to be evidence
- Section 346 — Inspection of bo oks and papers by creditors and contributories
- Section 347 — Disposal of books and papers of company
- Section 348 — Information as to pending liquidations
- Section 349 — Official Liquidator to make payments into public account of India
- Section 350 — Company Liquidator to deposit monies into scheduled bank
- Section 351 — Liquidator not to deposit monies into private banking account
- Section 352 — Company Liquidation Dividend and Undistributed Assets Account
- Section 353 — Liquidator to make returns, etc
- Section 354 — Meetings to ascertain wishes of creditors or contributories
- Section 355 — Court, tribunal or person, etc., before whom affidavit may be sworn
- Section 356 — Powers of Tribunal to declare dissolution of company void
- Section 358 — Exclusion of certain time in computing period of limitation
- Section 359 — Appointment of Official Liquidator
- Section 360 — Powers and functions of Official Liquidator
- Section 361 — Summary procedure for liquidation
- Section 362 — Sale of assets and recovery of debts due to company
- Section 363 — Settlement of claims of creditors by Official Liquidator
- Section 364 — Appeal by creditor
- Section 365 — Order of dissolution of company