Costing Standards Accounting Standards E-Forms

The Companies Act, 2013

Chapter XX - Winding Up (270 - 365)

Section 304- Circumstances in which company may be wound up voluntarily.

 [Section 304 omitted w.e.f.15.11.2016 vide Notification dated 28.05.2016 (Insolvency and Bankruptcy Code, 2016) read with MCA Notification S.O.3453(E) dated 15.11.2016 ]

Section 304- Circumstances in which company may be wound up voluntarily. [Corresponds to Section 484 of the Companies Act, 1956]

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Prior to Omission w.e.f 15.11.2016, Section  304 read as under:

Section 304- Circumstances in which company may be wound up voluntarily.  

A company may be wound up voluntarily,—

(a) if the company in general meeting passes a resolution requiring the company to be wound up voluntarily as a result of the expiry of the period for its duration, if any, fixed by its articles or on the occurrence of any event in respect of which the articles provide that the company should be dissolved; or

(b) if the company passes a special resolution that the company be wound up voluntarily.