Amended and updated notes on section 227 of Companies Act 2013. Detail discussion on provisions and rules related to legal advisers and bankers not to disclose certain information.
Chapter XIV (Sections 206–229) of the Companies Act, 2013 (CA 2013) deals with the provisions related to Inspection, Inquiry and Investigation. Section 227 of CA 2013 provides for legal advisers and bankers not to disclose certain information.
Recently, we have discussed in detail section 226 (Voluntary winding up of company, etc., not to stop investigation proceedings) of CA 2013. Today, we learn the provisions of section 227 of Companies Act 2013.
The provisions of section 227 are effective from 9-Sept-2016. You may refer Notification No. S.O. 2912(E) issued dated 09-09-2016. In this article, you will learn detail of the provisions of section 227 of the Companies Act 2013.
| Name of Act | The Companies Act 2013 |
|---|---|
| Enacted by | Parliament of India |
| Administered by | Ministry of Corporate Affairs (MCA) |
| Number of Chapters | 29 |
| Number of Sections | 484 (470-43+57) |
| Number of Schedules | 7 |
| You are reading: | |
| Chapter No. | XIV |
| Chapter Name | Inspection, Inquiry and Investigation |
| Section No. | 227 |
| Section Name | Legal advisers and bankers not to disclose certain information |
| Monthly Updated Edition | Company Law PDF |
Section 227 of Companies Act 2013: Legal advisers and bankers not to disclose certain information
Section 227 shall come into force on 9th September, 2016 vide Notification No. S.O. 2912(E) issued dated 09.09.2016.
Nothing in this Chapter shall require the disclosure to the Tribunal or to the Central Government or to the Registrar or to an inspector appointed by the Central Government—
- (a) by a legal adviser, of any privileged communication made to him in that capacity, except as respects the name and address of his client; or
- (b) by the bankers of any company, body corporate, or other person, of any information as to the affairs of any of their customers, other than such company, body corporate, or person.