TypeBare Act JurisdictionCentral Government Enacted2002

Companies (Second Amendment) Act, 2002 Section 80

Substitution of New Section for Section 480

Section Text


For section 480 of the principal Act, the following section shall be substituted, namely:--

"480. Saving of existing powers of Tribunal.-- Any powers conferred on the Tribunal by this Act shall be in addition to, and not in derogation of, any existing powers of instituting proceedings against any contributory or debtor of the company, or the estate of any contributory or debtor, for the recovery of any call or other sums.".