https://www.taxtmi.com/caselaws?id=97536 Section 399(1) of the Companies Act 1948 makes the Act's winding-up provisions applicable to unregistered companies, and while the enabling word "may" permits the court to order winding up, the subsequent mandatory language requires application of those provisions unless an express exception applies. Courts should not insert special directions in a winding-up order that curtail the statutory effect or the liquidator's statutory powers; limited procedural reservations to protect local assets or avoid inter-court conflict may be made in context, but substantive fettering of the general effect is improper and the ordinary winding-up order is appropriate. en-us Mon, 22 Jul 1957 00:00:00 +0530 Tue, 17 Jan 2012 11:43:42 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=97536 Section 399(1) of the Companies Act 1948 makes the Act's winding-up provisions applicable to unregistered companies, and while the enabling word "may" permits the court to order winding up, the subsequent mandatory language requires application of those provisions unless an express exception applies. Courts should not insert special directions in a winding-up order that curtail the statutory effect or the liquidator's statutory powers; limited procedural reservations to protect local assets or avoid inter-court conflict may be made in context, but substantive fettering of the general effect is improper and the ordinary winding-up order is appropriate. Case-Laws Companies Law Mon, 22 Jul 1957 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=97536