Section LXIII:
Commencement of winding-up of Company defined.
The winding-up shall, if the
Company is wound-up the Court, be deemed to commence at the time of the presentation of such
petition as is hereinafter required to be presented to the Court; and, if the Company is wound-up
voluntarily, be deemed to commence at the time of the passing of the resolution authorizing such
winding-up.