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TypeBare Act JurisdictionCentral Government

Companies Act, 1956 Section 58AAA

Default in Acceptance or Refund of Deposits to Be Cognizable

~1 min read
https://sooperkanoon.com/act/10941

Bare act section · Research

About this section

Companies Act, 1956 Section 58AAA is part of Companies Act, 1956 - Default in Acceptance or Refund of Deposits to Be Cognizable. Read the section text below and explore Indian court judgments that cite it.

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Section Text

1[58AAA. Default in acceptance or refund of deposits to be cognizable

(1) Notwithstanding anything contained in sections 621 and 624, every offence connected with or arising out of acceptance of deposits under section 58A or section 58AA shall be cognizable offence under the Code of Criminal Procedure, 1973.

(2) No court shall take cognizance of any offence under sub-section (1) except on a complaint made by the Central Government or any officer authorised by it in this behalf.]

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1. Inserted by Act 53 of 2000, Section 19, (w.e.f. 13-12-2000).

Frequently asked questions

What does Companies Act, 1956 Section 58AAA provide?

Section Section 58AAA of the Companies Act, 1956 (Default in Acceptance or Refund of Deposits to Be Cognizable) is reproduced on this page as part of the Companies Act, 1956. Lawyers and researchers use it to read the statutory wording before checking how courts have applied this section in reported judgments.

How do I find judgments on Companies Act, 1956 Section 58AAA?

Open “Find citing judgments” on this page to search Supreme Court, High Court, and tribunal decisions that reference Companies Act, 1956 Section 58AAA. Advanced act search can narrow results by court, year, or additional act filters.

Is the section text on SooperKanoon official?

SooperKanoon hosts bare act text for research and quick reference. For filings or compliance in Central, confirm the wording against the official state gazette or authorized publication.

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