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<h1>Section 334 Companies Act: Post-winding up transfers of property, shares or membership status are void without approval</h1> Section 334 of the Companies Act, 2013 provides that, in a winding up by the Tribunal, any disposition of the company's property (including actionable claims), and any transfer of its shares or alteration in the status of its members, made after the commencement of winding up, is void unless the Tribunal orders otherwise. Following amendments by the Insolvency and Bankruptcy Code, 2016, this rule now applies only to Tribunal-ordered winding up, aligning the provision with insolvency and liquidation processes under the reformed legal framework.