Question

Under the Companies Act, when does the winding up of a

Q: Answer-Under the Companies Act, when does the winding up of a company by the Tribunal commence?

Explanation Section 357. Commencement of winding up by Tribunal The winding up of a company by the Tribunal under this Act shall be deemed to commence at the time of the presentation of the petition for the winding up.

company by the Tribunal commence?

A At the time the Official Liquidator is appointed

B At the time the company is declared insolvent

C At the time the Tribunal issues the winding up order

D At the time of the presentation of the petition for the winding up

E At the time the company's assets are distributed among creditors

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Solution