MCA notifies Winding Up Rules, 2020: Dissolution of small companies gets simplified
Published: Jan 29, 2020
By TIOLCORPLAWS News Service
NEW DELHI, JANUARY 29, 2020: THE Ministry of Corporate Affairs (MCA) notifies Companies (Winding Up) Rules, 2020 vide Notification dated January 24, 2020, comprising of Rules 1 to 191 and Forms WIN 1 to WIN 95. These rules shall apply to winding up under of Companies Act 2013. With help of these rules, shutting down of business will be easier for small companies as the Central government will provide required approvals to such companies for winding up instead of the tribunal. Companies (Winding Up) Rules, 2020 shall come into force on the 1st day of April, 2020.