Section 284 Promoters, directors to cooperate with Company Liquidator – Companies Act 2013

Amended and updated notes on section 284 of Companies Act 2013. Provisions related to promoters, directors, etc., to cooperate with Company Liquidator.

Amended and updated notes on section 284 of Companies Act 2013. Detail discussion on provisions and rules related to promoters, directors, etc., to cooperate with Company Liquidator.

Chapter XX (Section 270365) of the Companies Act, 2013 (CA 2013) deals with the provisions related to winding up. Section 284 of CA 2013 provides for promoters, directors, etc., to cooperate with Company Liquidator.

Recently, we have discussed in detail section 283 (Custody of company’s properties) of CA 2013. Today, we learn the provisions of section 284 of the Companies Act 2013.

The provisions of section 284 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 284 the Companies Act 2013.

Name of ActThe Companies Act 2013
Enacted byParliament of India
Administered byMinistry of Corporate Affairs (MCA)
Number of Chapters29
Number of Sections484 (470-43+57)
Number of Schedules7
You are reading:
Chapter No.XX
Chapter NameWinding Up
Section No.284
Section NamePromoters, directors, etc., to cooperate with Company Liquidator
Monthly Updated EditionCompany Law PDF

Section 284 of Companies Act 2013: Promoters, directors, etc., to cooperate with Company Liquidator

Section 284 shall come into force on 15th December, 2016 vide Notification No. S.O. 3677(E) dated 07.12.2016.

(1) The promoters, directors, officers and employees, who are or have been in employment of the company or acting or associated with the company shall extend full cooperation to the Company Liquidator in discharge of his functions and duties.

(2) Where any person, without reasonable cause, fails to discharge his obligations under sub-section (1), he shall be punishable with imprisonment which may extend to six months or with fine which may extend to fifty thousand rupees, or with both.


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