Saturday, August 13, 2016

Section 341 of Companies Act 2013

Section 341 of Companies Act 2013 :-

Liability under sections 339 and 340 to extend to partners or directors in firms or companies.

Where a declaration under section 339 or an order under section 340 is made in respect of a firm or body corporate, the Tribunal shall also have power to make a declaration under section 339, or pass an order under section 340, as the case may be, in respect of any person who was at the relevant time a partner in that firm or a director of that body corporate.

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

Section 341 Companies Act 1956 has been repealed.

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