BODIES CORPORATE (OFFICIAL LIQUIDATIONS) ACT - 1963 (ACT 180)

Section - 6 - Stay of Proceedings

(1) On the commencement of winding up proceedings against a company all civil proceedings against the company shall be stayed and any transfer of shares of the company shall be void.

(2) During the interval between the presentation of a petition for an official winding up and the commencement of the winding up, the Court may, on application being made by a party thereto or the Registrar stay any proceedings by or against the company or in respect of its property; and accordingly any disposition of the property of the company, including things in action and any transfer of shares shall, unless the Court otherwise directs, be void.