Companies Act, 2017

PART-X

OFFENCES ANTECEDENT TO OR IN COURSE OF WINDING UP

Companies Act, 2017 PART-X OFFENCES ANTECEDENT TO OR IN COURSE OF WINDING UP From: 2023-11-01 - To: 0000-00-00 400. Penalty for fraud by officers of companies which have gone into liquidation- (1) If any person, being at the time of the commission of the alleged offence an officer of a company which is subsequently ordered to be wound up by the Court or which subsequently passes a resolution for voluntary winding up- (a) has, by false pretenses or by means of any other fraud, induced any person to give credit to the company; or (b) with intent to defraud creditors of the company, has made or caused to be made any gift or transfer of or charge on, or has caused or connived at the levying of any execution against, the property of the company; or (c) with intent to defraud creditors of the…