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The Companies Act, 2013

Chapter XX - Winding Up (270 - 365)

Section 358- Exclusion of certain time in computing period of limitation.

[ Section 358 notified with effect from 15.12.2016 vide S.O. 3676 (E) dated 07.12.2016]

Section 358- Exclusion of certain time in computing period of limitation. [Corresponds to Section 458A of the Companies Act, 1956]

Notwithstanding anything in the Limitation Act, 1963, or in any other law for the time being in force, in computing the period of limitation specified for any suit or application in the name and on behalf of a company which is being wound up by the Tribunal, the period from the date of commencement of the winding up of the company to a period of one year immediately following the date of the winding up order shall be excluded.