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[Cites 0, Cited by 3] [Section 531] [Entire Act]

Union of India - Subsection

Section 531(2) in The Companies Act, 1956

(2)For the purposes of sub-section (1), the presentation of a petition for winding up in the case of a winding up by [the Tribunal], and the passing of a resolution for winding up in the case of a voluntary winding up, shall be deemed to correspond to the act of insolvency in the case of an individual.