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Home Acts & Rules Bill Bills COMPANIES BILL, 2011 Chapter XX - Part III = Provisions applicable to every mode of winding up Chapters List This

Provisions applicable to every mode of winding up - COMPANIES BILL, 2011

Chapter: XX
WINDING UP
Chapter: XX - Part III
Provisions applicable to every mode of winding up
Clause 324 : Debts of all descriptions to be admitted to proof.
Clause 325 : Application of insolvency rules in winding up of insolvent companies.
Clause 326 : Overriding preferential payments.
Clause 327 : Preferential payments.
Clause 328 : Fraudulent preference.
Clause 329 : Transfers not in good faith to be void.
Clause 330 : Certain transfers to be void.
Clause 331 : Liabilities and rights of certain persons fraudulently preferred.
Clause 332 : Effect of floating charge.
Clause 333 : Disclaimer of onerous property.
Clause 334 : Transfers, etc., after commencement of winding up to be void.
Clause 335 : Certain attachments, executions, etc., in winding up by Tribunal to be void.
Clause 336 : Offences by officers of companies in liquidation.
Clause 337 : Penalty for frauds by officers.
Clause 338 : Liability where proper accounts not kept.
Clause 339 : Liability for fraudulent conduct of business.
Clause 340 : Power of Tribunal to assess damages against delinquent directors, etc.
Clause 341 : Liability under sections 339 and 340 to extend to partners or directors in firms or companies.
Clause 342 : Prosecution of delinquent officers and members of company.
Clause 343 : Company Liquidator to exercise certain powers subject to sanction.
Clause 344 : Statement that company is in liquidation.
Clause 345 : Books and papers of company to be evidence.
Clause 346 : Inspection of books and papers by creditors and contributories.
Clause 347 : Disposal of books and papers of company.
Clause 348 : Information as to pending liquidations.
Clause 349 : Official Liquidator to make payments into public account of India.
Clause 350 : Company Liquidator to deposit monies into scheduled bank.
Clause 351 : Liquidator not to deposit monies into private banking account.
Clause 352 : Company Liquidation Dividend and Undistributed Assets Account.
Clause 353 : Liquidator to make returns, etc.
Clause 354 : Meetings to ascertain wishes of creditors or contributories.
Clause 355 : Court, tribunal or person, etc., before whom affidavit may be sworn.
Clause 356 : Powers of Tribunal to declare dissolution of company void.
Clause 357 : Commencement of winding up by Tribunal.
Clause 358 : Exclusion of certain time in computing period of limitation
 

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