Section 522 - Power to order winding up subject to supervision. - Companies Act, 1956

CHAPTER IV WINDING UP SUBJECT TO SUPERVISION OF COURT Power to order winding up subject to supervision. [1] [522. Omitted by the Companies (Second Amendment) Act, 2002, w.e.f. a date yet to be notified] ---------------------------------------- Notes:- [1] Prior to their omission, section 522, 523, and 524 [as amended by the Companies (Amendment) Act, 1960] it read as under: "522. Power to order winding up subject to supervision. At any time after a company has passed a resolution for voluntary winding up, the Court may make an order that the voluntary winding up shall continue, but subject to such supervision of the Court, and with such liberty for creditors, contributories or others to apply to the Court, and generally on such terms and conditions, as the Court thinks just."