Section 455 Companies Act Explained: Power of Tribunal to order winding up of company | Nyaya

Statutory Content

What does Section 455 of Companies Act say?

The Tribunal may, by an order, direct the winding up of the company, and may appoint a liquidator to wind up the company, and may also direct the liquidator to report to the Tribunal on the result of the winding up.

Indian StandardSection 455, Companies Act, 2013

Bluebook (21st ed.)Companies Act, 2013, § 455 (India)

Court Pleading StandardSection 455 of the Companies Act, 2013

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Source: Gazette of India (Official Publication)Verify egazette.gov.in ↗

Common Questions about Section 455 Companies Act

What is Section 455 of Companies Act?

Section 455 of the Companies Act, 2013 (Companies Act) defines and regulates "Power of Tribunal to order winding up of company". The section states: The Tribunal may, by an order, direct the winding up of the company, and may appoint a liquidator to wind up the company, and may also direct the liquidator to report to the Tribun...

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