Amended and updated notes on section 250 of Companies Act 2013. Detail discussion on provisions and rules related to effect of company notified as dissolved.
Chapter XVIII (Section 248–252) of the Companies Act, 2013 (CA 2013) deals with the provisions related to removal of names of companies from the register of companies. Section 250 of CA 2013 provides for effect of company notified as dissolved.
Recently, we have discussed in detail section 249 (Restrictions on making application under section 248 in certain situations) of CA 2013. Today, we learn the provisions of section 250 of the Companies Act 2013.
The provisions of section 250 is effective from 26th December, 2016. You may refer Notification No. S.O. 4167(E) issued dated 26-12-2016. In this article, you will learn detail of the provisions of section 250 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. | XVIII |
| Chapter Name | Removal of Names of Companies from the Register of Companies |
| Section No. | 250 |
| Section Name | Effect of company notified as dissolved |
| Monthly Updated Edition | Company Law PDF |
Section 250 of Companies Act 2013: Effect of company notified as dissolved
Section 250 shall come into force on 26th December, 2016 vide Notification No. S.O. 4167(E) dated 26.12.2016.
Where a company stands dissolved under section 248, it shall on and from the date mentioned in the notice under sub-section (5) of that section cease to operate as a company and the Certificate of Incorporation issued to it shall be deemed to have been cancelled from such date except for the purpose of realising the amount due to the company and for the payment or discharge of the liabilities or obligations of the company.