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Sec 227 Companies Act 2013: Legal Advisers & Bankers Not To Disclose Certain Info

SECTION-227 (Legal advisers and bankers not to disclose certain information) under CHAPTER-XIV (Inspection, Inquiry and Investigation) of the Companies Act, 2013

Nothing in this Chapter shall require the disclosure to the Tribunal or to the Central Government or to the Registrar or to an inspector appointed by the Central Government—

(a) by a legal adviser, of any privileged communication made to him in that capacity, except as respects the name and address of his client; or
(b) by the bankers of any company, body corporate, or other person, of any information as to the affairs of any of their customers, other than such company, body corporate, or person.

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)

(2) Section 227 of the Companies Act 2013 was notified by MCA Notification S.O. 2912(E) dated 9th September, 2016 (w.e.f. 9th September, 2016)

(3) Also refer the Companies (Inspection, Investigation and Inquiry) Rules, 2014 (w.e.f. 1st April, 2014)
[Check for amendments, if any, to the Companies (Inspection, Investigation and Inquiry) Rules, 2014]

This page was last updated on 30th April, 2017.

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