Amended and updated notes on section 270 of Companies Act 2013. Detail discussion on provisions and rules related to winding up by Tribunal.
Chapter XX (Section 270–365) of the Companies Act, 2013 (CA 2013) deals with the provisions related to winding up. Section 270 of CA 2013 provides for winding up by Tribunal.
Recently, we have discussed in detail section 269 (Rehabilitation and Insolvency Fund – Omitted w.e.f. 15-11-2016) of CA 2013. Today, we learn the provisions of section 270 of the Companies Act 2013.
The provisions of section 270 are effective from 15th December, 2016. You may refer Notification No. S.O. 3677(E) issued dated 7-12-2016. In this article, you will learn detail of the provisions of section 270 the Companies Act 2013.
| Name of Act | The Companies Act 2013 |
|---|---|
| Enacted by | Parliament of India |
| Administered by | Ministry of Corporate Affairs (MCA) |
| Number of Chapters | 29 |
| Number of Sections | 484 (470-43+57) |
| Number of Schedules | 7 |
| You are reading: | |
| Chapter No. | XX |
| Chapter Name | Winding Up |
| Section No. | 270 |
| Section Name | Winding up by Tribunal |
| Monthly Updated Edition | Company Law PDF |
Section 270 of Companies Act 2013: Winding up by Tribunal
Section 270 shall come into force on 15th December, 2016 vide Notification No. S.O. 3677(E) dated 07.12.2016 and substituted pursuant to section 255 of the Insolvency and Bankruptcy Code, 2016 vide Notification No. S.O. 3453(E) issued dated 15.11.2016.
The provisions of Part I shall apply to the winding up of a company by the Tribunal under this Act.
PART I: Winding up by the Tribunal (271–303)
PART II: Voluntary winding up (304-323) [ Omitted w.e.f. 15-11-2016]
PART III: Provisions applicable to every mode of winding up (324–358)
PART IV: Official Liquidators (359–365)