Vesting of property: all movable and immovable assets, including actionable claims, pass to the company on registration. Upon registration under the Act, all property-movable and immovable, including actionable claims-belonging to or vested in the company at the date of registration passes to and vests in the company as incorporated for all the estate and interest of the company therein.
Cases where this provision is explicitly mentioned in the judgment/order text; may not be exhaustive. To view the complete list of cases mentioning this section, Click here.
Provisions expressly mentioned in the judgment/order text.
Vesting of property: all movable and immovable assets, including actionable claims, pass to the company on registration.
Upon registration under the Act, all property-movable and immovable, including actionable claims-belonging to or vested in the company at the date of registration passes to and vests in the company as incorporated for all the estate and interest of the company therein.
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