Section 298 Power to order costs – Companies Act 2013

Amended and updated notes on section 298 of Companies Act 2013. Detail discussion on provisions and rules related to power to order costs.

Amended and updated notes on section 298 of Companies Act 2013. Detail discussion on provisions and rules related to power to order costs.

Chapter XX (Section 270365) of the Companies Act, 2013 (CA 2013) deals with the provisions related to winding up. Section 298 of CA 2013 provides for power to order costs.

Recently, we have discussed in detail section 297 (Adjustment of rights of contributories) of CA 2013. Today, we learn the provisions of section 298 of the Companies Act 2013.

The provisions of section 298 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 298 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.298
Section NamePower to order costs
Monthly Updated EditionCompany Law PDF

Section 298 of Companies Act 2013: Power to order costs

Section 298 shall come into force on 15th December, 2016 vide Notification No. S.O. 3677(E) dated 07.12.2016.

The Tribunal may, in the event of the assets of a company being insufficient to satisfy its liabilities, make an order for the payment out of the assets, of the costs, charges and expenses incurred in the winding up, in such order of priority inter se as the Tribunal thinks just and proper.


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