Section 349 Official Liquidator to make payments into public account of India – Companies Act 2013

Amended and updated notes on section 349 of Companies Act 2013. Provisions related to official Liquidator to make payments into public account of India.

Amended and updated notes on section 349 of Companies Act 2013. Detail discussion on provisions and rules related to official Liquidator to make payments into public account of India.

Chapter XX (Section 270365) of the Companies Act, 2013 (CA 2013) deals with the provisions related to winding up. Section 349 of CA 2013 provides for official Liquidator to make payments into public account of India.

Recently, we have discussed in detail section 348 (Information as to pending liquidations) of CA 2013. Today, we learn the provisions of section 349 of the Companies Act 2013.

The provisions of section 349 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 349 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.349
Section NameOfficial Liquidator to make payments into public account of India
Monthly Updated EditionCompany Law PDF

Section 349 of Companies Act 2013: Official Liquidator to make payments into public account of India

Section 349 shall come into force on 15th December, 2016 vide Notification No. S.O. 3677(E) dated 07.12.2016.

Every Official Liquidator shall, in such manner and at such times as may be prescribed, pay the monies received by him as Official Liquidator of any company, into the public account of India in the Reserve Bank of India.


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