Companies Act Section 357 — Commencement of winding up by Tribunal

CHAPTER XX WINDING UP

Commercial / Corporate

Summary

The winding up of a company by the Tribunal is treated as starting from the moment the petition for winding up is first presented to the Tribunal, not from any later order or decision. This means the official commencement point is the date and time the petition is filed.

Official Text

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.]