Chapter: 32 COMPANIES ORDINANCE
Section Num: 184 Version Date 30/06/1997
Commencement of winding up by the court
Commencement of Winding Up
(1) Where before the presentation of a petition for the winding up of a company by the court a resolution has been passed by the company for voluntary winding up, the winding up of the company shall be deemed to have commenced at the time of the passing of the resolution, and unless the court, on proof of fraud or mistake, thinks fit otherwise to direct, all proceedings taken in the voluntary winding up shall be deemed to have been validly taken.
(2) In any other case, the winding up of a company by the court shall be deemed to commence at the time of the presentation of the petition for the winding up.
[cf. 1929 c. 23 s. 175 U.K.]