Amended and updated notes on section 368 of Companies Act 2013. Detail discussion on provisions and rules related to vesting of property on registration.
Chapter XXI PART-1 (Section 366–374) of the Companies Act, 2013 (CA 2013) deals with the provisions related to companies authorised to register under this Act. Section 368 of CA 2013 provides for vesting of property on registration.
Recently, we have discussed in detail section 367 (Certificate of registration of existing companies) of CA 2013. Today, we learn the provisions of section 368 of the Companies Act 2013.
The provisions of section 368 are effective from 1st April, 2014. You may refer Notification No. S.O. 902(E) issued dated 27-03-2014. In this article, you will learn detail of the provisions of section 368 the Companies Act 2013 read with the Companies (Authorised to Registered) Rules, 2014.
| 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. | XXI (PART-I) |
| Chapter Name | Companies Authorised to Register under this Act |
| Section No. | 368 |
| Section Name | Vesting of property on registration |
| Monthly Updated Edition | Company Law PDF |
Section 368 of Companies Act 2013: Vesting of property on registration
Section 368 shall come into force on 1st April, 2014 vide Notification No. S.O. 902(E) issued dated 27.03.2014.
All property, movable and immovable (including actionable claims), belonging to or vested in a company at the date of its registration in pursuance of this Part, shall, on such registration, pass to and vest in the company as incorporated under this Act for all the estate and interest of the company therein.