Section 589 – The Companies Act,1956

The Companies Act, 1956

589. Provisions of Part cumulative.

(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 1[Tribunal].

(2) The 1[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 1[Tribunal] or Official Liquidator in winding up 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.

1. Subs. by Act 11 of 2003, sec. 116, for “Court”.

Previous | Next

The Companies Act, 1956

Indian Laws – Bare Acts

MyNation

Leave a Comment

Your email address will not be published. Required fields are marked *