357. Commencement of winding up by Tribunal.— (1) Where, before the presentation of a petition
for the winding up of a company by the Tribunal, 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 Tribunal, on proof of fraud or mistake, thinks fit to direct
otherwise, 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 Tribunal shall be deemed to commence at
the time of the presentation of the petition for the winding up.
