Section 368 of Companies Act 2013: Vesting of property on registration

SECTION-368 (Vesting of property on registration) under CHAPTER-XXI (PART I.— Companies Authorised to Register under this Act) of the Companies Act, 2013

All property, movable and immovable (including actionable claims), belonging to or vested in a company at the date of its registration in pursuance of this Part, shall, on such registration, pass to and vest in the company as incorporated under this Act for all the estate and interest of the company therein.

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 368 of the Companies Act 2013 was notified by MCA Notification S.O. 902(E) dated 26th March 2014 (w.e.f. 1st April 2014)
    (3) Also refer  the Companies (Authorised to Registered) Rules, 2014 (w.e.f. 1st April 2014)

    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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