Section 381: Power to order winding up subject to supervision
The Companies Act, 2017 · Federal Acts · in_force
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381. Power to order winding up subject to supervision.—When a company has passed a resolution for voluntary winding up, the Court may of its own motion or on the application of any person entitled to apply to the Court for winding up a company, 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.
Effective date: 2017-05-30
Related sections
Section 380: Power of Court to adopt proceedings of voluntary winding upSection 382: Effect of petition for winding up subject to supervisionSection 379: Saving for right of creditors and contributoriesSection 383: Court may have regard to the wishes of creditors and contributoriesSection 378: Costs of voluntary winding upSection 384: Power to replace liquidator
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