307. Publication of resolution to wind up voluntarily
(1) Where a company has passed a resolution for voluntary winding up and a
resolution under sub-section (3) of section 306 is passed, it shall within fourteen days of the
passing of the resolution give notice of the resolution by advertisement in the Official
Gazette and also in a newspaper which is in circulation in the district where the registered
office or the principal office of the company is situate.
(2) If a company contravenes the provisions of sub-section (1), the company and
every officer of the company who is in default shall be punishable with fine which may
extend to five thousand rupees for every day during which such default continues.