Section - 338, Companies Act, 2013 Liability where proper accounts not kept. 338.(1) Where a company is being wound up, if it is shown that proper books of account were not kept by the company throughout the period of two years immediately preceding the commencement of the winding up, or the period between the incorporation…...
Penalty for frauds by officers. Section – 337, Companies Act, 2013
Section - 337, Companies Act, 2013 Penalty for frauds by officers. 337. If any person, being at the time of the commission of the alleged offence an officer of a company which is subsequently ordered to be wound up by the Tribunal ,— (a) has, by false pretences or by means of any other fraud,…...
Offences by officers of companies in liquidation. Section – 336, Companies Act, 2013
Section - 336, Companies Act, 2013 Offences by officers of companies in liquidation. 336. (1) If any person, who is or has been an officer of a company which, at the time of the commission of the alleged offence, is being wound up, [by the Tribunal under this Act or which is subsequently ordered to be wound…...
Certain attachments, executions, etc., in winding up by Tribunal to be void. Section – 335, Companies Act, 2013
Section - 335, Companies Act, 2013 Certain attachments, executions, etc., in winding up by Tribunal to be void. 335. (1) Where any company is being wound up by the Tribunal,— (a) any attachment, distress or execution put in force, without leave of the Tribunal against the estate or effects of the company, after the commencement of…...
[ Transfer, etc., after commencement of winding up to be void . Section – 334, Companies Act, 2013
Section - 334, Companies Act, 2013 [ Transfer, etc., after commencement of winding up to be void . 334. In the case of a winding up by the Tribunal, any disposition of the property including actionable claims, of the company and any transfer of shares in the company or alteration in the status of its members, made after the commencement…...
Disclaimer of onerous property. Section – 333, Companies Act, 2013
Section - 333, Companies Act, 2013 Disclaimer of onerous property. 333.(1) Where any part of the property of a company which is being wound up consists of— (a) land of any tenure, burdened with onerous covenants; (b) shares or stocks in companies; (c) any other property which is not saleable or is not readily saleable…...
Central Government to prescribe accounting standards . Section – 133, Companies Act, 2013
Section - 133, Companies Act, 2013 Central Government to prescribe accounting standards . 133. The Central Government may prescribe the standards of accounting or any addendum thereto, as recommended by the Institute of Chartered Accountants of India, constituted under section 3 of the Chartered Accountants Act, 1949 (38 of 1949), in consultation with and after examination of the…...
Constitution of National Financial Reporting Authority. Section – 132, Companies Act, 2013
Section - 132, Companies Act, 2013 Constitution of National Financial Reporting Authority. 132.(1) The Central Government may, by notification, constitute a National Financial Reporting Authority to provide for matters relating to accounting and auditing standards under this Act. …...
Certain transfers to be void. Section – 330, Companies Act, 2013 Liabilities and rights of certain persons fraudulently preferred. Section – 331, Companies Act, 2013
Section - 330, Companies Act, 2013 Certain transfers to be void. 330. 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. Section - 331, Companies Act, 2013 Liabilities and rights of certain persons fraudulently preferred. 331.(1) Where a company…...
[ Transfers not in good faith to be void. Section – 329, Companies Act, 2013
Section - 329, Companies Act, 2013 [ Transfers not in good faith to be void. 329. Any transfer of property, movable or immovable, or any delivery of goods, made by a company, not being a transfer or delivery made in the ordinary course of its business or in favour of a purchaser or encumbrancer in good faith…...