Section 278 Effect of winding up order – Companies Act 2013

Amended and updated notes on section 278 of Companies Act 2013. Detail discussion on provisions and rules related to effect of winding up order.

Amended and updated notes on section 278 of Companies Act 2013. Detail discussion on provisions and rules related to effect of winding up order.

Chapter XX (Section 270365) of the Companies Act, 2013 (CA 2013) deals with the provisions related to winding up. Section 278 of CA 2013 provides for effect of winding up order.

Recently, we have discussed in detail section 277 (Intimation to Company Liquidator, provisional liquidator and Registrar) of CA 2013. Today, we learn the provisions of section 278 of the Companies Act 2013.

The provisions of section 278 are effective from 15th December, 2016. You may refer Notification No. S.O. 3677(E) issued dated 7-12-2016. In this article, you will learn detail of the provisions of section 278 the Companies Act 2013.

Name of ActThe Companies Act 2013
Enacted byParliament of India
Administered byMinistry of Corporate Affairs (MCA)
Number of Chapters29
Number of Sections484 (470-43+57)
Number of Schedules7
You are reading:
Chapter No.XX
Chapter NameWinding Up
Section No.278
Section NameEffect of winding up order
Monthly Updated EditionCompany Law PDF

Section 278 of Companies Act 2013: Effect of winding up order

Section 278 shall come into force on 15th December, 2016 vide Notification No. S.O. 3677(E) dated 07.12.2016.

The order for the winding up of a company shall operate in favour of all the creditors and all contributories of the company as if it had been made out on the joint petition of creditors and contributories.


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