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TypeBare Act JurisdictionCentral Government

Companies Act, 2013, Section 251

Fraudulent Application for Removal of Name

~1 min read
https://sooperkanoon.com/act/62644

Bare act section · Research

About this section

Companies Act, 2013, Section 251 is part of Companies Act, 2013, - Fraudulent Application for Removal of Name. Read the section text below and explore Indian court judgments that cite it.

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Section Text

(1) Where it is found that an application by a company under sub-section (2) of section 248 has been made with the object of evading the liabilities of the company or with the intention to deceive the creditors or to defraud any other persons, the persons in charge of the management of the company shall, notwithstanding that the company has been notified as dissolved--

(a) be jointly and severally liable to any person or persons who had incurred loss or damage as a result of the company being notified as dissolved; and

(b) be punishable for fraud in the manner as provided in section 447.

(2) Without prejudice to the provisions contained in sub-section (1), the Registrar may also recommend prosecution of the persons responsible for the filing of an application under sub-section (2) of section 248.

Frequently asked questions

What does Companies Act, 2013, Section 251 provide?

Section Section 251 of the Companies Act, 2013, (Fraudulent Application for Removal of Name) is reproduced on this page as part of the Companies Act, 2013,. 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, 2013, Section 251?

Open “Find citing judgments” on this page to search Supreme Court, High Court, and tribunal decisions that reference Companies Act, 2013, Section 251. 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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