Daily Email Newsletters (Latest Updates/Articles) — Sign up for Free

Section 330 Of The Companies Act 2013: Certain Transfers To Be Void

SECTION-330 (Certain transfers to be void) under CHAPTER-XX (Winding Up) of the Companies Act, 2013

Any transfer or assignment by a company of all its properties or assets to trustees for the benefit of all its creditors shall be void.

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 330 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) The Companies (Winding Up) Rules, 2013 is yet to be notified.

This page was last updated on 6th May, 2017.

No comments:

Post a Comment