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Statutory Provisions

Home Acts & Rules Bill Bills COMPANIES BILL, 2011 Chapters List Chapter XXI - Part II Winding up of unregistered companies This

Clause 377 - Provisions of Chapter cumulative. - COMPANIES BILL, 2011

COMPANIES BILL, 2011
Chapter XXI - Part II
Winding up of unregistered companies
  • Contents

Provisions of Chapter cumulative.

     377. (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.

 
 
 
 

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