Companies Act, 2013
Companies Act, 2013
III — —Provisions applicable to every mode of winding up · Section 329

Transfers not in good faith to be void

Synced on 07 Jul 2026Text as per India Code

Any transfer of property, movable or immovable, or any delivery of goods, made by a company, not being a transfer or delivery made in the ordinary course of its business or in favour of a purchaser or encumbrancer in good faith and for valuable consideration, if made within a period of one year before the presentation of a petition for winding up by the Tribunal under this Act shall be void against the Company Liquidator.]

Judgments on Section 329