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CORPORATIONS ACT 2001 No. 50, 2001 - SECT 513D
Validity of proceedings in earlier winding up
Where, at the time when:
- (a)
- the Court orders under section 233, 459A,
459B or 461 that a company be wound up; or
- (b)
- a company resolves by special resolution that it be wound up voluntarily;
a winding up of the company is already in progress, all proceedings in the
last-mentioned winding up are taken to have been valid, except so far as the
Court otherwise orders because fraud or mistake has been proved.
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