PART-III
VOLUNTARY WINDING-UP

24 Voluntary Winding-Up

(1) Declaration in voluntary winding-up .- The declaration to be made by the director or directors or in case the company has more than two directors, by the majority of directors of a company under sub-section (1) of section 305, shall be in Form No. 51.

(2) Statement of position .- For the purposes of clause (a) of sub-section (2) of section 306, the statement of position of the company’s affairs shall be in Form No. 52.

(3) Winding up by the Tribunal – An application for winding up of the company by the Tribunal in pursuance of clause (b) of sub-section (3) of section 306 shall be made inForm No. 53.

(4) Publication of resolution to wind up voluntarily – For the purposes of sub-section (1) of section 307, notice of the resolution to wind up shall be given in Form No. 54.