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Section 239 Of The Companies Act 2013: Preservation Of Books And Papers Of Amalgamated Companies

SECTION-239 (Preservation of books and papers of amalgamated companies) under CHAPTER-XV (Compromises, Arrangements and Amalgamations) of the Companies Act, 2013

The books and papers of a company which has been amalgamated with, or whose shares have been acquired by, another company under this Chapter shall not be disposed of without the prior permission of the Central Government and before granting such permission, that Government may appoint a person to examine the books and papers or any of them for the purpose of ascertaining whether they contain any evidence of the commission of an offence in connection with the promotion or formation, or the management of the affairs, of the transferor company or its amalgamation or the acquisition of its shares.







Extra Notes for Readers

(1) The Companies Act, 2013 received the assent of the President on the 29th August, 2013 (Published in the Gazette of India, Extraordinary, Part II - Section 1 by Ministry of Law and Justice, Legislative Department on 30th August, 2013) - link

(2) Section 239 of the Companies Act 2013 was notified by MCA Notification S.O. 3677(E) dated 7th December 2016 (w.e.f. 15th December 2016) - link

(3) Also refer the Companies (Compromises, Arrangements and Amalgamations) Rules, 2016 (w.e.f. 15th December, 2016) - link
[Do check for any further amendments to the Companies (Compromises, Arrangements and Amalgamations) Rules, 2016]







This page was last updated on 2nd May, 2017.

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