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of <h1>Transfers Void if Not in Ordinary Course of Business Within a Year of Winding-Up: Clause 329 Companies Bill 2011</h1> Clause 329 of the Companies Bill, 2011, states that any transfer of property or delivery of goods by a company, which is not conducted in the ordinary course of business or not made to a purchaser or encumbrance in good faith for valuable consideration, will be considered void if it occurs within one year before a winding-up petition is presented to the Tribunal or a resolution for voluntary winding up is passed. Such transactions are void against the Company Liquidator.
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