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The Companies Act, 2013

Chapter XX - Winding Up (270 - 365)

Section 270- Modes of winding up.

[Section 270  substituted  w.e.f. 15.11.2016 vide Notification 37 dated 28.05.2016 (Insolvency and Bankruptcy Code, 2016) read with MCA Notification S.O.3453(E) dated 15.11.2016 effective from 15.11.2016]

[Section 270 notified with effect from 15.12.2016 vide S.O. 3676 (E) dated 07.12.2016]

Section 270- Modes of winding up. [Corresponds to Section 425 of the Companies Act, 1956]

The provisions of Part I shall apply to the winding up of a company by the Tribunal under this Act. 


Prior to substitution w.e.f 15.11.2016 Section 270 read as under:

Section 270- Modes of winding up. 

(1) The winding up of a company may be either—

(a) by the Tribunal; or

(b) voluntary.

(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).