https://www.taxtmi.com/acts?id=12935 Section 531 declares transfers, deliveries, payments, executions or other acts relating to company property made within the prescribed pre winding up period to be fraudulent preferences and therefore invalid as preferences of the company's creditors; it substitutes a shorter period for transactions before the Act and treats presentation of a winding up petition and passing of a voluntary winding up resolution as the equivalent of an individual's act of insolvency. en-us Wed, 18 May 2011 11:46:56 +0530 Wed, 18 May 2011 11:46:56 +0530 TaxTMI RSS Generator https://www.taxtmi.com/acts?id=12935 Section 531 declares transfers, deliveries, payments, executions or other acts relating to company property made within the prescribed pre winding up period to be fraudulent preferences and therefore invalid as preferences of the company's creditors; it substitutes a shorter period for transactions before the Act and treats presentation of a winding up petition and passing of a voluntary winding up resolution as the equivalent of an individual's act of insolvency. Act-Rules Companies Law Wed, 18 May 2011 11:46:56 +0530 https://www.taxtmi.com/acts?id=12935