Power to arrest absconding contributory permits detention and seizure of property to prevent evasion during winding up. Under Section 479 of the Companies Act, 1956 the Tribunal may, before or after a winding up order and on proof of probable cause that a contributory is about to quit the jurisdiction, abscond, or remove or conceal property to evade payment of calls or avoid examination, arrest and detain the contributory and seize and safely keep his books, papers and movable property until the Tribunal orders otherwise.
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Provisions expressly mentioned in the judgment/order text.
Power to arrest absconding contributory permits detention and seizure of property to prevent evasion during winding up.
Under Section 479 of the Companies Act, 1956 the Tribunal may, before or after a winding up order and on proof of probable cause that a contributory is about to quit the jurisdiction, abscond, or remove or conceal property to evade payment of calls or avoid examination, arrest and detain the contributory and seize and safely keep his books, papers and movable property until the Tribunal orders otherwise.
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