Amended and updated notes on section 330 of Companies Act 2013. Detail discussion on provisions and rules related to certain transfers to be void.
Chapter XX (Section 270–365) of the Companies Act, 2013 (CA 2013) deals with the provisions related to winding up. Section 330 of CA 2013 provides for certain transfers to be void.
Recently, we have discussed in detail section 329 (Transfers not in good faith to be void) of CA 2013. Today, we learn the provisions of section 330 of the Companies Act 2013.
The provisions of section 330 are effective from 15th December, 2016. You may refer Notification No. S.O. 3677(E) issued dated 7-12-2016. In this article, you will learn detail of the provisions of section 330 the Companies Act 2013.
| Name of Act | The Companies Act 2013 |
|---|---|
| Enacted by | Parliament of India |
| Administered by | Ministry of Corporate Affairs (MCA) |
| Number of Chapters | 29 |
| Number of Sections | 484 (470-43+57) |
| Number of Schedules | 7 |
| You are reading: | |
| Chapter No. | XX |
| Chapter Name | Winding Up |
| Section No. | 330 |
| Section Name | Certain transfers to be void |
| Monthly Updated Edition | Company Law PDF |
Section 330 of Companies Act 2013: Certain transfers to be void
Section 330 shall come into force on 15th December, 2016 vide Notification No. S.O. 3677(E) dated 07.12.2016.
Any transfer or assignment by a company of all its properties or assets to trustees for the benefit of all its creditors shall be void.