Section 377 Provisions of Chapter cumulative – Companies Act 2013

Amended and updated notes on section 377 of Companies Act 2013. Detail discussion on provisions and rules related to provisions of Chapter cumulative.

Amended and updated notes on section 377 of Companies Act 2013. Detail discussion on provisions and rules related to provisions of Chapter cumulative.

Chapter XXI PART-2 (Section 375378) of the Companies Act, 2013 (CA 2013) deals with the provisions related to winding up of unregistered companies. Section 377 of CA 2013 provides for provisions of Chapter cumulative.

Recently, we have discussed in detail section 376 (Power to wind up foreign companies, although dissolved) of CA 2013. Today, we learn the provisions of section 377 of the Companies Act 2013.

The provisions of section 377 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 377 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.XXI (PART-II)
Chapter NameWinding up of unregistered Companies
Section No.377
Section NameProvisions of Chapter cumulative
Monthly Updated EditionCompany Law PDF

Section 377 of Companies Act 2013: Provisions of Chapter cumulative

Section 377 shall come into force on 15th December, 2016 vide Notification No. S.O. 3677(E) dated 07.12.2016.

(1) The provisions of this Part, with respect to unregistered companies shall be in addition to and not in derogation of, any provisions hereinbefore in this Act contained with respect to the winding up of companies by the Tribunal.

(2) The Tribunal or Official Liquidator may exercise any powers or do any act in the case of unregistered companies which might be exercised or done by the Tribunal or Official Liquidator in winding up of companies formed and registered under this Act:

Provided that an unregistered company shall not, except in the event of its being wound up, be deemed to be a company under this Act, and then only to the extent provided by this Part.

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