Section 425 - Modes of winding up. - Companies Act, 1956

PART VII WINDING UP Chapter I PRELIMINARY Modes of Winding Up Modes of winding up. 425. (1) The winding up of a company may be either ____ (a) by the [1] [Tribunal]; or (b) voluntary [2] [* * *] [3] [(c) * * *] (2) The provisions of this Act with respect to winding up apply, unless the contrary appears, to the winding up of a company in any of those modes. --------------------------------------- Notes:- [1] Substituted for "Court" by the Companies (Second Amendment) Act, 2002, w.e.f. a date yet to be notified. [2] The word "or" omitted by the Companies (Second Amendment) Act, 2002. w.e.f. a date yet to be notified. [3] Omitted by the Companies (Second Amendment) Act, 2002. Prior to omission it read as under: "(c) subject to the supervision of the Court."