AUBSP»Corporate Law»Companies Act 2013»Section 358 – Exclusion of certain time in computing period of limitation

Section 358 – Exclusion of certain time in computing period of limitation

Section 358 shall come into force on 15th December, 2016 vide Notification No. S.O. 3677(E) dated 07.12.2016.

Notwithstanding anything in the Limitation Act, 1963, or in any other law for the time being in force, in computing the period of limitation specified for any suit or application in the name and on behalf of a company which is being wound up by the Tribunal, the period from the date of commencement of the winding up of the company to a period of one year immediately following the date of the winding up order shall be excluded.

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