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Section 284 of Companies Act, 2013

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Section 284 of Companies Act, 2013 deals with Promoters, directors, etc., to cooperate with Company Liquidator.

From the Act

(1) The promoters, directors, officers and employees, who are or have been in employment of the company or acting or associated with the company shall extend full cooperation to the Company Liquidator in discharge of his functions and duties.

(2) Where any person, without reasonable cause, fails to discharge his obligations under sub-section (1), he shall be punishable with imprisonment which may extend to six months or with fine which may extend to fifty thousand rupees, or with both.

Recent Cases / Related Cases / Case Laws

Related Sections from the Act

  • Section 280: Jurisdiction of Tribunal
  • Section 281: Submission of report by Company Liquidator
  • Section 282: Directions of Tribunal on report of Company Liquidator
  • Section 283: Custody of company's properties
  • Section 285: Settlement of list of contributories and application of assets.

Chapters and Sections from the Indian Companies Act, 2013

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