Circular CCI/CIR/2017/3500 of the Competition Commission of India dated 5th November, 2017 on the winding up of a company [C11-MRE]

CCI/CIR/2017/3500

Competition Commission of India

New Delhi, dated the 5th November, 2017

CIRCULAR

To

All Registrars of Companies,

Subject: The winding up of a company by liquidators under the Competition Act, 2003, regarding.

In exercise of the powers conferred by section 9 of the Competition Act, 2003 (12 of 2003), the Competition Commission of India hereby issues the following

1. References have been received seeking clarification on the manner in which section 9 applies to the winding up of a company by liquidators.

2. The matter has been examined. Every liquidator carrying on the winding up of a company shall make an application in Form AOC-4 to the Tribunal within thirty days, accompanied by a fee of one thousand rupees.

3. It is, accordingly, clarified that a separate application shall be made in respect of each place at which the winding up of a company is undertaken, and the Tribunal shall dispose of it within thirty days of its receipt.

4. Difficulties, if any, in the implementation of this circular may be brought to the notice of the Competition Commission of India.

(Chief General Manager)