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TypeBare Act JurisdictionCentral Government

Companies (Second Amendment) Act, 2002 Section 97

Substitution of New Section for Section 537

~1 min read
https://sooperkanoon.com/act/45296

Bare act section · Research

About this section

Companies (Second Amendment) Act, 2002 Section 97 is part of Companies (Second Amendment) Act, 2002 - Substitution of New Section for Section 537. Read the section text below and explore Indian court judgments that cite it.

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Section Text

For section 537 of the principal Act, the following section shall be substituted, namely:--

"537. Avoidance of certain attachments, executions, etc., in winding up by.-- (1) Where any company is being wound up by the Tribunal--

(a) any attachment, distress or execution put in force, without leave of the Tribunal against the estate or effects of the company, after the commencement of the winding up; or

(b) any sale held, without leave of the Tribunal of any of the properties or effects of the company after such commencement,

shall be void.

(2) Nothing in this section applies to any proceedings for the recovery of any tax or impost or any dues payable to the Government".

Frequently asked questions

What does Companies (Second Amendment) Act, 2002 Section 97 provide?

Section Section 97 of the Companies (Second Amendment) Act, 2002 (Substitution of New Section for Section 537) is reproduced on this page as part of the Companies (Second Amendment) Act, 2002. 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 (Second Amendment) Act, 2002 Section 97?

Open “Find citing judgments” on this page to search Supreme Court, High Court, and tribunal decisions that reference Companies (Second Amendment) Act, 2002 Section 97. 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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