What is declaration of solvency in case of proposal to
wind up voluntarily What is Meeting of creditors Section 305
and 306 of Indian Companies Act 2013
Declaration of solvency in case of proposal to wind up
voluntarily and Meeting of creditors are defined under Section
305 and 306 of Indian Companies Act 2013.
Provisions under
these Sections are:
Section
305 of Indian Companies Act 2013
"Declaration of solvency in case of proposal to wind up
voluntarily"
[Declaration of solvency in case of proposal to wind up
voluntarily.] Omitted by s. 255 and the Eleventh Schedule,
ibid. (w.e.f. 15-11-2016).
Section
306 of Indian Companies Act 2013
"Meeting of creditors"
[Meeting of creditors.] Omitted by s. 255 and the
Eleventh Schedule, ibid. (w.e.f. 15-11-2016).