Section 329 of Companies Act 2013 :-
Transfers not in good faith to be void.
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 encumbrance in good faith and for valuable consideration, if made within a period of one year before the presentation of a petition for winding up by the Tribunal or the passing of a resolution for voluntary winding up of the company, shall be void against the Company Liquidator.
India's Important Case Laws and Landmark Judgments on Companies Act 2013.
Section 329 Companies Act 1956 has been repealed.
Transfers not in good faith to be void.
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 encumbrance in good faith and for valuable consideration, if made within a period of one year before the presentation of a petition for winding up by the Tribunal or the passing of a resolution for voluntary winding up of the company, shall be void against the Company Liquidator.
India's Important Case Laws and Landmark Judgments on Companies Act 2013.
Section 329 Companies Act 1956 has been repealed.
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