#Companiesact #sec333 #windingup #windinguprules #companylaw #corporatelaw #windingup The Companies (Winding-up) Rules, 2020 were published by the Ministry of Corporate Affairs in 2020. While the Insolvency and Bankruptcy Code, 2016 covers 'voluntary winding up' and 'winding up on the grounds of inability to pay debts,' the Winding Up Rules outline the procedure for winding up following Section 271 of the Companies Act, which specifies when the NCLT may wind up a company. Rul

#Companiesact #sec333 #windingup #windinguprules #companylaw #corporatelaw #windingup The Companies (Winding-up) Rules, 2020 were published by the Ministry of Corporate Affairs in 2020. While the Insolvency and Bankruptcy Code, 2016 covers 'voluntary winding up' and 'winding up on the grounds of inability to pay debts,' the Winding Up Rules outline the procedure for winding up following Section 271 of the Companies Act, which specifies when the NCLT may wind up a company. Rul

#Companiesact #sec333 #windingup #windinguprules #companylaw #corporatelaw #windingup The Companies (Winding-up) Rules, 2020 were published by the Ministry of Corporate Affairs in 2020. While the Insolvency and Bankruptcy Code, 2016 covers 'voluntary winding up' and 'winding up on the grounds of inability to pay debts,' the Winding Up Rules outline the procedure for winding up following Section 271 of the Companies Act, which specifies when the NCLT may wind up a company. Ru

#Companiesact #sec333 #windingup #windinguprules #companylaw #corporatelaw #windingup In the year 2020, the Ministry of Corporate Affairs published the Companies (Winding-up) Rules, 2020. Though the Insolvency and Bankruptcy Code of 2016 covers "voluntary winding up" and "winding up on the grounds of incapacity to pay debts," the Winding Up Rules define the process for winding up a company under Section 271 of the Companies Act, which stipulates when the NCLT may wind up a co

#Companiesact #sec333 #windingup #windinguprules #companylaw #corporatelaw The Ministry of Corporate Affairs released the Companies (Winding-up) Rules, 2020 in the year 2020. While the Insolvency and Bankruptcy Code of 2016 covers "voluntary winding up" and "winding up on the grounds of inability to pay debts," the Winding Up Rules detail the process for winding up a company in accordance with Section 271 of the Companies Act, which specifies when the NCLT may wind up a compa

#Companiesact #sec333 #windingup #windinguprules #companylaw #corporatelaw The Companies (Winding-up) Rules, 2020 were published by the Ministry of Corporate Affairs in 2020. While the Insolvency and Bankruptcy Code, 2016 covers 'voluntary winding up' and 'winding up on the grounds of inability to pay debts,' the Winding Up Rules outline the procedure for winding up following Section 271 of the Companies Act, which specifies when the NCLT may wind up a company. Rule 156 expla

#company #windingup #liquadator #onerousproperty #Sec333 #director #badassets #companiesact #rule156 #rule157 Section 333 of the Company Act of 2013 disclaims onerous property during the company's winding-up process. This provision protects the assets of an insolvent company from further losses and allows the company liquidator to renounce burdensome property. Before or after granting leave to disclaim, the Tribunal may require that such notices be made to those who are inter