Section 349: Effect of voluntary winding up on status of company
The Companies Act, 2017 · Federal Acts · in_force
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349. Effect of voluntary winding up on status of company.—In the case of voluntary winding up, the company shall, from the commencement of the winding up, cease to carry on its business, except so far as may be required for the beneficial winding up thereof: Provided that the corporate state and corporate powers of the company shall, notwithstanding anything to the contrary in its articles, continue until it is dissolved.
Effective date: 2017-05-30
Related sections
Section 348: Commencement of voluntary winding upSection 350: Notice of resolution to wind up voluntarilySection 347: Circumstances in which company may be wound up voluntarilySection 351: Declaration of solvency in case of proposal to wind up voluntarilySection 346: Mode of Dealing with Orders to be enforced by other CourtsSection 352: Distinction between members and creditors voluntary winding up
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