Section 344 Statement that company is in liquidation – Companies Act 2013

Amended and updated notes on section 344 of Companies Act 2013. Provisions and rules related to statement that company is in liquidation.

Amended and updated notes on section 344 of Companies Act 2013. Detail discussion on provisions and rules related to statement that company is in liquidation.

Chapter XX (Section 270365) of the Companies Act, 2013 (CA 2013) deals with the provisions related to winding up. Section 344 of CA 2013 provides for statement that company is in liquidation.

Recently, we have discussed in detail section 343 (Company Liquidator to exercise certain powers subject to sanction) of CA 2013. Today, we learn the provisions of section 344 of the Companies Act 2013.

The provisions of section 344 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 344 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.344
Section NameStatement that company is in liquidation
Monthly Updated EditionCompany Law PDF

Section 344 of Companies Act 2013: Statement that company is in liquidation

Section 344 shall come into force on 15th December, 2016 vide Notification No. S.O. 3677(E) dated 07.12.2016.

(1) Where a company is being wound up, whether by the Tribunal or voluntarily, every invoice, order for goods or business letter issued by or on behalf of the company or a Company Liquidator of the company, or a receiver or manager of the property of the company, being a document on or in which the name of the company appears, shall contain a statement that the company is being wound up.

(2) If a company contravenes the provisions of sub-section (1), the company, and every officer of the company, the Company Liquidator and any receiver or manager, who wilfully authorises or permits the non-compliance, shall be punishable with fine which shall not be less than fifty thousand rupees but which may extend to three lakh rupees.


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