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Section 373 Of Companies Act 2013: Suits Stayed On Winding Up Order

Corporate Law (Country: India)

SECTION-373 (Suits stayed on winding up order) under CHAPTER-XXI (PART I.— Companies Authorised to Register under this Act) of the Companies Act, 2013

Where an order has been made for winding up, or a provisional liquidator has been appointed for, a company registered in pursuance of this Part, no suit or other legal proceeding shall be proceeded with or commenced against the company or any contributory of the company in respect of any debt of the company, except by leave of the Tribunal and except on such terms as the Tribunal may impose.








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 373 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 (Authorised to Registered) Rules, 2014 (w.e.f. 1st April 2014) link


Note: Please check MCA site for any further amendments to the Companies (Authorised to Registered) Rules, 2014.







This page was last updated on 29th May, 2017.

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