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Union of India - Section

Section 425 in The Companies Act, 1956

425. Modes of winding up.-.

(1)The winding up of a company may be either -
(a)by the [Tribunal] [ Substituted by Act 11 of 2003, Section 48, for " Court" .] ; or
(b)voluntary ; [*] [ The words " or" omitted by Act 11 of 2003, Section 48.]
(c)[* * *] [ Clause (c) omitted by Act 11 of 2003, Section 48.]
(2)The provisions of this Act with respect to winding up apply, unless the contrary appears, to the winding up of a company in any of those modes.