Question

Under Section 271 of the Companies Act, 2013, read with Section 357, when is the winding up of a company by the Tribunal deemed to commence?

Q: Answer-Under Section 271 of the Companies Act, 2013, read with Section 357, when is the winding up of a com...

Correct Answer 3 Winding Up by the Tribunal Section 3572- Where a petition for winding up is presented to the Tribunal, the winding up is deemed to commence from the very moment the petition was presented . This prevents directors from siphoning off assets or making fraudulent preferences between the time the petition is filed and the final order is passed. Any disposition of property or transfer of shares made after the presentation of the petition is void unless the Tribunal orders otherwise.