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The Companies Act, 2013

Chapter XX - Winding Up (270 - 365)

Section 307- Publication of resolution to wind up voluntarily

[Section 307 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 307- Publication of resolution to wind up voluntarily. [Corresponds to Section 485 of the Companies Act, 1956]

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Prior to Omission w.e.f 15.11.2016, Section  307 read as under:

Section 307- Publication of resolution to wind up voluntarily. 

 (1) Where a company has passed a resolution for voluntary winding up and a resolution under sub-section (3) of section 306 is passed, it shall within fourteen days of the passing of the resolution give notice of the resolution by advertisement in the Official Gazette and also in a newspaper which is in circulation in the district where the registered office or the principal office of the company is situate.

(2)  If a company contravenes the provisions of sub-section (1), the company and every officer of the company who is in default shall be punishable with fine which may extend to five thousand rupees for every day during which such default continues.