https://www.taxtmi.com/caselaws?id=96650 The power to order a public examination under Section 196 of the Companies Act arose only where the company was already in liquidation. A voluntary winding up required a valid extraordinary resolution stating that the company could not continue business because of its liabilities and that winding up was advisable, with prior notice of the intention to move such a resolution. As the notice and meeting procedure did not satisfy these requirements, the company had not validly entered voluntary liquidation under Section 203(3). The court therefore had no power to direct the respondent's public examination. en-us Mon, 18 Jun 1934 00:00:00 +0530 Tue, 10 Jan 2012 10:58:21 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=96650 The power to order a public examination under Section 196 of the Companies Act arose only where the company was already in liquidation. A voluntary winding up required a valid extraordinary resolution stating that the company could not continue business because of its liabilities and that winding up was advisable, with prior notice of the intention to move such a resolution. As the notice and meeting procedure did not satisfy these requirements, the company had not validly entered voluntary liquidation under Section 203(3). The court therefore had no power to direct the respondent's public examination. Case-Laws Companies Law Mon, 18 Jun 1934 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=96650