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Section 309: Effect of voluntary winding up · Complied AI

Chapter 20
Section 309

Section 309Chapter 20

Effect of voluntary winding up

In the case of a voluntary winding up, the company shall from the commencement of the winding up cease to carry on its business except as far as required for the beneficial winding up of its business:

Proviso

Provided that the corporate state and corporate powers of the company shall continue until it is dissolved.

Section 308 Section 309 Section 310