Section 403, The Companies Act, 2009

(1) When a company has passed a resolution forvoluntarywinding-up, it shall, within 14 days after the passing of the resolution, give notice of the resolution, by advertisement in the Gazette and also in a local newspaper, if any, circulating in the district where the registered office of the company is situated. (2) If default is made in complying with subsection (1), the company and every officer of the company who is in default shall be liable to a default fine, and for the purposes of this subsection the liquidator of the company shall be deemed to be an officer of the