TaxTMI Login
Just a moment...
Press 'Enter' to add multiple search terms. Rules for Better Search
of 
of 
No Folders have been created
Are you sure you want to delete "My most important" ?
NOTE:
of of 
All Acts & Rules
of of All Acts & Rules
Note
Bookmark
Share
Don't have an account? Register Here
of <h1>Section 479 Empowers Tribunal to Arrest Contributory Suspected of Absconding or Hiding Assets Before or After Winding-Up Order</h1> Section 479 of the Companies Act, 1956, grants the Tribunal the authority to arrest a contributory who is suspected of attempting to leave India, abscond, or conceal property to evade financial obligations or avoid examination related to company affairs. This power can be exercised at any point before or after a winding-up order. The Tribunal can order the arrest and secure detention of the contributory and the seizure of their books, papers, and movable property until further orders are issued. This provision was amended to substitute 'Court' with 'Tribunal' by the Companies (Second Amendment) Act, 2002.
TaxTMI 
TaxTMI 
