law: Companies Act, 2013 
  334.
  
    Transfers,
  
  etc., after commencement of winding up to be void.
  1.      In the case of a
  
  voluntary winding up, any transfer of shares in the company, not being a
  
  transfer made to or with the sanction of the Company Liquidator, and any
  
  alteration in the status of the members of the company, made after the
  
  commencement of the winding up, shall be void.
  2.      In the case of a
  
  winding up by the Tribunal, any disposition of the property, including
  
  actionable claims, of the company, and any transfer of shares in the company or
  
  alteration in the status of its members, made after the commencement of the
  
  winding up, shall, unless the Tribunal otherwise orders, be void.