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Section 301 of Companies Act, 2013

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Section 301 of Companies Act, 2013 deals with Arrest of person trying to leave India or abscond.

From the Act

At any time either before or after passing a winding up order, if the Tribunal is satisfied that a contributory or a person having property, accounts or papers of the company in his possession is about to leave India or otherwise to abscond, or is about to remove or conceal any of his property, for the purpose of evading payment of calls or of avoiding examination respecting the affairs of the company, the Tribunal may cause—

(a) the contributory to be detained until such time as the Tribunal may order; and

(b) his books and papers and movable property to be seized and safely kept until such time as the Tribunal may order.

Recent Cases / Related Cases / Case Laws

Related Sections from the Act

  • Section 300: Power to order examination of promoters, directors, etc
  • Section 302: Dissolution of company by Tribunal.
  • Section 303: Appeals from orders made before commencement of Act.

Chapters and Sections from the Indian Companies Act, 2013

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