Sunday, August 14, 2016

Section 393 of Companies Act 2013

Section 393 of Companies Act 2013 :-

Company's failure to comply with provisions of this Chapter not to affect validity of contracts, etc.

Any failure by a company to comply with the provisions of this Chapter shall not affect the validity of any contract, dealing or transaction entered into by the company or its liability to be sued in respect thereof, but the company shall not be entitled to bring any suit, claim any set-off, make any counter-claim or institute any legal proceeding in respect of any such contract, dealing or transaction, until the company has complied with the provisions of this Act applicable to it.

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

Section 393 Companies Act 1956 has been repealed.

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