Question

Voluntary winding up comes under __________.

• A. Section $433$
• B. Section $484-521$
• C. Section $428$
• D. Section $473$

Answer 1

The correct option is B Section $484-521$

Voluntary winding up is the process in which a company is unable to carry out its operations or the period for carrying the operations expires or if it is unable to meet its financial obligations. It can carry this process either by passing special resolution or by ordinary resolution. It comes under section 484-521 of the Indian Companies Act, 2013.