The Companies Act, 2013 Section 309 Effect of voluntary winding up [Omitted] Chapter XX · Winding Up 309.[Effect of voluntary winding up.] Omitted by s. 255 and the Eleventh Schedule, ibid. (w.e.f. 15-11-2016). Copy text 309.[Effect of voluntary winding up.] Omitted by s. 255 and the Eleventh Schedule, ibid. (w.e.f. 15-11-2016).