Section - 647 - Saving of pending proceedings for winding up
Saving of pending proceedings for winding up.647. Where the winding up of a company has commenced before the commencement of this Act— (i) sub-section (7) of shall apply in respect of any moneys paid into the Companies Liquidation Account whether before or after such commencement; and (ii) the other provisions with respect to winding up contained in this Act shall not apply, but the company shall be wound up in the same manner and with the same incidents as if this Act had not been passed:[Provided that where the proceedings in any such winding up are pending at the commencement of the Companies (Amendment) Act, 1960,— (a) , , < .... To read the full section download the app from Google Play store
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