SECTION-270 (Modes of winding up) under CHAPTER-XX (Winding Up) of the Companies Act, 2013The provisions of Part I shall apply to the winding up of a company by the Tribunal under this Act.
Extra Notes for Readers
(1) The Companies Act, 2013 received the assent of the President on the 29th August, 2013 (Published in the Gazette of India, Extraordinary, Part II - Section 1 by Ministry of Law and Justice, Legislative Department on 30th August, 2013).
(2) Section 270 of the Companies Act 2013 was notified by MCA Notification S.O. 3677(E) dated 7th December 2016 (w.e.f. 15th December 2016).
(3) Section 270 of the Companies Act 2013 was substituted in accordance with the section 255 of the Insolvency and Bankruptcy Code, 2016. MCA has notified section 255 of the Insolvency and Bankruptcy Code, 2016 vide notification no. S.O. 3453(E) dated 15th November 2016 (w.e.f. 15th November 2016).
Original Contents of Section 270 under the Companies Act, 2013:
(1) The winding up of a company may be either—
(a) by the Tribunal; or(2) Notwithstanding anything contained in any other Act, the provisions of this Act with respect to winding up shall apply to the winding up of a company in any of the modes specified under sub-section (1).
This page was last updated on 5th May, 2017.