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NBFC_Acceptance_of_Public_Deposits_Reserve_Bank_Directions_1998

Section / Rule Number Content


270 Modes of Winding Up
271 Circumstances in Which Company may be Wound Up by Tribunal
272 Petition for Winding Up
273 Powers of Tribunal
274 Directions for Filing Statement of Affairs
275 Company Liquidators and Their Appointments
276 Removal and Replacement of Liquidator
277 Intimation to Company Liquidator, Provisional Liquidator and Registrar
278 Effect of Winding Up Order
279 Stay of Suits, etc., on Winding Up Order
280 Jurisdiction of Tribunal
281 Submission of Report by Company Liquidator
282 Directions of Tribunal on Report of Company Liquidator
283 Custody of Company's Properties
284 Promoters, Directors, etc., to Cooperate with Company Liquidator
285 Settlement of List of Contributories and Application of Assets
286 Obligations of Directors and Managers
287 Advisory Committee
288 Submission of Periodical Reports to Tribunal
289 Power of Tribunal on Application for Stay of Winding Up
290 Powers and Duties of Company Liquidator
291 Provision for Professional Assistance to Company Liquidator
292 Exercise and Control of Company Liquidator's Powers
293 Books to be Kept by Company Liquidator
294 Audit of Company Liquidator's Accounts
295 Payment of Debts by Contributory and Extent of Set-off
296 Power of Tribunal to Make Calls
297 Adjustment of Rights of Contributories
298 Power to Order Costs
299 Power to Summon Persons Suspected of Having Property of Company, etc.
300 Power to Order Examination of Promoters, Directors, etc.
301 Arrest of Person Trying to Leave India or Abscond
302 Dissolution of Company by Tribunal
303 Appeals from Orders Made Before Commencement of Act
304 Circumstances in Which Company May be Wound Up Voluntarily
305 Declaration of Solvency in Case of Proposal to Wind Up Voluntarily
306 Meeting of Creditors
307 Publication of Resolution to Wind Up Voluntarily
308 Commencement of Voluntary Winding Up
309 Effect of Voluntary Winding Up
310 Appointment of Company Liquidator
311 Power to Remove and Fill Vacancy of Company Liquidator
312 Notice of Appointment of Company Liquidator to be Given to Registrar
313 Cesser of Board's Powers on Appointment of Company Liquidator
314 Powers and Duties of Company Liquidator in Voluntary Winding Up
315 Appointment of Committees
316 Company Liquidator to Submit Report on Progress of Winding Up
317 Report of Company Liquidator to Tribunal for Examination of Persons
318 Final Meeting and Dissolution of Company
319 Power of Company Liquidator to Accept Shares, etc., as Consideration for Sale of Property of Company
320 Distribution of Property of Company
321 Arrangement When Binding on Company and Creditors
322 Power to Apply to Tribunal to Have Questions Determined, etc.
323 Costs of Voluntary Winding Up
324 Debts of all Descriptions to be Admitted to Prof
325 Application of Insolvency Rules in Winding Up of Insolvent Companies
326 Overriding Preferential Payments
327 Preferential Payments
328 Fraudulent Preference
329 Transfers Not in Good Faith to be Void
330 Certain Transfers to be Void
331 Liabilities and Rights of Certain Persons Fraudulently Preferred
332 Effect of Floating Charge
333 Disclaimer of Onerous Property
334 Transfers, etc., After Commencement of Winding Up to be Void
335 Certain Attachments, Executions, etc., in Winding Up by Tribunal to be Void
336 Offences by Officers of Companies in Liquidation
337 Penalty for Frauds by Officers
338 Liability Where Proper Accounts not Kept
339 Liability for Fraudulent Conduct of Business
340 Power of Tribunal to Assess Damages Against Delinquent Directors, etc.
341 Liability Under Sections 339 and 340 to Extend to Partners or Directors in Firms or Companies
342 Prosecution of Delinquent Officers and Members of Company
343 Company Liquidator to Exercise Certain Powers Subject to Sanction
344 Statement that Company is in Liquidation
345 Books and Papers of Company to be Evidence
346 Inspection of Books and Papers by Creditors and Contributories
347 Disposal of Books and Papers of Company
348 Information as to Pending liquidations
349 Official Liquidator to Make Payments into Public Account of India
350 Company Liquidator to Deposit Monies into Scheduled Bank
351 Liquidator Not to Deposit Monies into Private Banking Account
352 Company Liquidation Dividend and Undistributed Assets Account
353 Liquidator to Make Returns, etc.
354 Meetings to Ascertain Wishes of Creditors or Contributories
355 Court, Tribunal or Person, etc., Before Whom Affidavit May be Sworn
356 Powers of Tribunal to Declare Dissolution of Company Void
357 Commencement of Winding Up by Tribunal
358 Exclusion of Certain Time in Computing Period of Limitation
359 Appointment of Official Liquidator
360 Powers and Functions of Official Liquidator
361 Summary Procedure for Liquidation
362 Sale of Assets and Recovery of Debts Due to Company
363 Settlement of Claims of Creditors by Official Liquidator
364 Appeal by Creditor
365 Order of Dissolution of Company

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