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Start Free TrialCompanies Act, 2013, Section 349
Title: Official Liquidator to Make Payments into Public Account of India
State: Central
Year: 2013
Every Official Liquidator shall, in such manner and at such times as may be prescribed, pay the monies received by him as Official Liquidator of any company, into the public account of India in the Reserve Bank of India.
View Complete Act List Judgments citing this sectionCompanies Act, 2013, Section 363
Title: Settlement of Claims of Creditors by Official Liquidator
State: Central
Year: 2013
(1) The Official Liquidator within thirty days of his appointment shall call upon the creditors of the company to prove their claims in such manner as may be prescribed, within thirty days of the receipt of such call. (2) The Official Liquidator shall prepare a list of claims of creditors in such manner as may be prescribed and each creditor shall be communicated of the claims accepted or rejected along with reasons to be recorded in writing.
View Complete Act List Judgments citing this sectionRajiv Gandhi National Aviation University Act, 2013, Section 45
Title: Statutes, Ordinances and Regulations to Be Published in the Official Gazette and to Be Laid Before Parliament
State: Central
Year: 2013
.....shall be published in the Official Gazette and hosted on the website of the University. (2) Every Statute, Ordinance or Regulation made under this Act shall be laid, as soon as may be after it is made, before each House of Parliament, while it is in session, for a total period of thirty days which may be comprised in one session or in two or more successive sessions, and if, before the expiry of the session immediately following the session or the successive sessions aforesaid, both Houses agree in making any modification in the Statute, Ordinance or Regulation or both Houses agree that the Statute, Ordinance or Regulation should not be made, the Statute, Ordinance or Regulation shall thereafter have effect only in such modified form or be of no effect, as the case may be; so, however, that any such modification or annulment shall be without prejudice to the validity of anything previously done under that Statute, Ordinance or Regulation. (3) The power to make Statutes, Ordinances or Regulations shall include the power to give retrospective effect from a date not earlier than the date of commencement of this Act, to the Statutes, Ordinances or Regulations or any of them but.....
View Complete Act List Judgments citing this sectionCompanies Act, 2013, Part IV
Title: Official Liquidators
State: Central
Year: 2013
Part IV OFFICIAL LIQUIDATORS
View Complete Act List Judgments citing this sectionCompanies Act, 2013, Section 359
Title: Appointment of Official Liquidator
State: Central
Year: 2013
(1) For the purposes of this Act, so far as it relates to the winding up of companies by the Tribunal, the Central Government may appoint as many Official Liquidators, Joint, Deputy or Assistant Official Liquidators as it may consider necessary to discharge the functions of the Official Liquidator. (2) The liquidators appointed under sub-section (1) shall be whole-time officers of the Central Government. (3) The salary and other allowances of the Official Liquidator, Joint Official Liquidator, Deputy Official Liquidator and Assistant Official Liquidator shall be paid by the Central Government.
View Complete Act List Judgments citing this sectionCompanies Act, 2013, Section 360
Title: Powers and Functions of Official Liquidator
State: Central
Year: 2013
(1) The Official Liquidator shall exercise such powers and perform such duties as the Central Government may prescribe. (2) Without prejudice to the provisions of sub-section (1), the Official Liquidator may-- (a) exercise all or any of the powers as may be exercised by a Company Liquidator under the provisions of this Act; and (b) conduct inquiries or investigations, if directed by the Tribunal or the Central Government, in respect of matters arising out of winding up proceedings.
View Complete Act List Judgments citing this sectionCompanies Act, 2013, Schedule
Title: Schedule Ii
State: Central
Year: 2013
.....the following are the useful lives of various tangible assets: Nature of assets Useful Life I. Buildings [NESD] (a) Buildings (other than factory buildings) RCC Frame Structure 60 Years (b) Buildings (other than factory buildings) other than RCC Frame Structure 30 Years (c) Factory buildings -do- (d) Fences, wells, tube wells 5 Years (e) Others (including temporary structure, etc.) 3 Years II. Bridges, culverts, bunders, etc. [NESD] 30 Years III. Roads [NESD] (a) Carpeted roads (i) Carpeted Roads-RCC 10 Years (ii) Carpeted Roads-other than RCC 5 Years (b) Non-carpeted roads 3 Years IV. Plant and Machinery (i) General rate applicable to plant and machinery not covered under special plant and machinery (a) Plant and Machinery other than continuous process plant not covered under specific industries 15 Years (b) continuous process plant for which no special rate has been prescribed under (ii) below [NESD] 8 Years (ii) Special Plant and Machinery (a) Plant and Machinery related to production and exhibition of Motion Picture Films 1. Cinematograph films--Machinery used in the production and exhibition of.....
View Complete Act List Judgments citing this sectionRajiv Gandhi National Aviation University Act, 2013, Section 5
Title: Powers of University
State: Central
Year: 2013
.....necessary; (xxxvi) to make arrangements for promoting the health and general welfare of the employees of the University; (xxxvii) to receive benefactions, donations and gifts from persons and to name after them such chairs, institutions, buildings and the like, the University may determine, whose gift or donation to the University is worth such amount as the University may decide; (xxxviii) to acquire, hold, manage and dispose of any property, movable or immovable, including trust and endowment properties for the purposes of the University; (xxxix) to borrow, with the approval of the Central Government, on the security of the property of the University, money for the purposes of the University; (xl) to assess needs of the students in terms of subjects, fields of specialisation, levels of education and training of technical manpower, both on short and long term basis, and to initiate necessary programmers to meet these needs; (xli) to initiate measures to enlist the co-operation of the industry to provide complementary facilities; (xlii) to provide for instruction through "distance learning" and "open approach" and for mobility of students from the non-formal open.....
View Complete Act List Judgments citing this sectionCompanies Act, 2013, Section 248
Title: Power of Registrar to Remove Name of Company from Register of Companies
State: Central
Year: 2013
.....Gazette, and on the publication in the Official Gazette of this notice, the company shall stand dissolved. (6) The Registrar, before passing an order under sub-section (5), shall satisfy himself that sufficient provision has been made for the realisation of all amount due to the company and for the payment or discharge of its liabilities and obligations by the company within a reasonable time and, if necessary, obtain necessary undertakings from the managing director, director or other persons in charge of the management of the company: Provided that notwithstanding the undertakings referred to in this sub-section, the assets of the company shall be made available for the payment or discharge of all its liabilities and obligations even after the date of the order removing the name of the company from the register of companies. (7) The liability, if any, of every director, manager or other officer who was exercising any power of management, and of every member of the company dissolved under sub-section (5), shall continue and may be enforced as if the company had not been dissolved. (8) Nothing in this section shall affect the power of the Tribunal to wind up a company.....
View Complete Act List Judgments citing this sectionCompanies Act, 2013, Section 362
Title: Sale of Assets and Recovery of Debts Due to Company
State: Central
Year: 2013
(1) The Official Liquidator shall expeditiously dispose of all the assets whether movable or immovable within sixty days of his appointment. (2) The Official Liquidator shall serve a notice within thirty days of his appointment calling upon the debtors of the company or the contributories, as the case may be, to deposit within thirty days with him the amount payable to the company. (3) Where any debtor does not deposit the amount under sub-section (2), the Central Government may, on an application made to it by the Official Liquidator, pass such orders as it thinks fit. (4) The amount recovered under this section by the Official Liquidator shall be deposited in accordance with the provisions of section 349.
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