Saturday, August 13, 2016

Section 377 of Companies Act 2013

Section 377 of Companies Act 2013 :-

Provisions of Chapter cumulative.

1.     The provisions of this Part, with respect to unregistered companies shall be in addition to and not in derogation of, any provisions hereinbefore in this Act contained with respect to the winding up of companies by the Tribunal.
2.     The Tribunal or Official Liquidator may exercise any powers or do any act in the case of unregistered companies which might be exercised or done by the Tribunal or Official Liquidator in winding up of companies formed and registered under this Act:

Provided that an unregistered company shall not, except in the event of its being wound up, be deemed to be a company under this Act, and then only to the extent provided by this Part.

India's Important Case Laws and Landmark Judgments on Companies Act 2013.

Section 377 Companies Act 1956 has been repealed.

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