Publication requirement for voluntary winding-up: resolution must be advertised promptly or officers face daily fines under statute. A company that has resolved to wind up voluntarily must, within fourteen days of passing the relevant resolution, give notice by advertisement in the Official Gazette and in a newspaper circulating in the district where its registered or principal office is situated; failure to comply exposes the company and every officer in default to a fine which may extend to five thousand rupees for each day the default continues.
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.
Publication requirement for voluntary winding-up: resolution must be advertised promptly or officers face daily fines under statute.
A company that has resolved to wind up voluntarily must, within fourteen days of passing the relevant resolution, give notice by advertisement in the Official Gazette and in a newspaper circulating in the district where its registered or principal office is situated; failure to comply exposes the company and every officer in default to a fine which may extend to five thousand rupees for each day the default continues.
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