Section 313 The Companies Act, 2013

Section 313 The Companies Act, 2013

Cesser of Board’s Powers on Appointment of Company Liquidator

[Omitted]

Amendment

1. (a) Omitted by Insolvency and Bankruptcy Code, 2016 Dated 15th November, 2016. – Original Content

(b) The MCA Notification No. F.O. 3453(E) Dated 15th November, 2016, enforcing the related sections of Insolvency and Bankruptcy Code, 2016.

Original Omitted Content– 313. On the appointment of a Company Liquidator, all the powers of the Board of Directors and of the managing or whole-time Directors and manager, if any, shall cease, except for the purpose of giving notice of such appointment of the Company Liquidator to the Registrar.