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        Companies Law

        Section 486 - Commencement of voluntary winding up.

        Companies Act, 1956
        Chapter VII
        WINDING UP

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        Voluntary winding up begins upon passing of a valid corporate resolution, fixing the time of commencement. A voluntary winding up is treated as commencing at the time the company passes the resolution for voluntary winding up, such that that resolution fixes the start date for all procedural and legal consequences of the winding up.
                        Cases where this provision is explicitly mentioned in the judgment/order text; may not be exhaustive. To view the complete list of cases mentioning this section, Click here.
                        Provisions expressly mentioned in the judgment/order text.

                            Voluntary winding up begins upon passing of a valid corporate resolution, fixing the time of commencement.

                            A voluntary winding up is treated as commencing at the time the company passes the resolution for voluntary winding up, such that that resolution fixes the start date for all procedural and legal consequences of the winding up.


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