Proceedings against companies under liquidation

Proceedings against companies under liquidation

Section 225 of Income Tax Ordinance, 2001 has described the proceedings against companies under liquidation.

The Federal Board of Revenue (FBR) issued the Income Tax Ordinance, 2001 updated up to June 30, 2021. The Ordinance incorporated amendments brought through Finance Act, 2021.

Following is the text of Section 225 of Income Tax Ordinance, 2001:

225. Proceedings against companies under liquidation. —Notwithstanding anything contained in section 310 of the Companies Act, 2017 (XIX of 2017)], leave of the Court shall not be required for continuing with or commencing any proceeding under this Ordinance against a company in respect of which a winding up order has been made or Provisional Liquidator appointed.

(Disclaimer: The text of the above section is only for information. Team PkRevenue.com makes all efforts to provide the correct version of the text. However, the team PkRevenue.com is not responsible for any error or omission.)

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