Amended and updated notes on section 369 of Companies Act 2013. Detail discussion on provisions and rules related to saving of existing liabilities.
Chapter XXI PART-1 (Section 366–374) of the Companies Act, 2013 (CA 2013) deals with the provisions related to companies authorised to register under this Act. Section 369 of CA 2013 provides for saving of existing liabilities.
Recently, we have discussed in detail section 368 (Vesting of property on registration) of CA 2013. Today, we learn the provisions of section 369 of the Companies Act 2013.
The provisions of section 369 are effective from 1st April, 2014. You may refer Notification No. S.O. 902(E) issued dated 27-03-2014. In this article, you will learn detail of the provisions of section 369 the Companies Act 2013 read with the Companies (Authorised to Registered) Rules, 2014.
| 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. | XXI (PART-I) |
| Chapter Name | Companies Authorised to Register under this Act |
| Section No. | 369 |
| Section Name | Saving of existing liabilities |
| Monthly Updated Edition | Company Law PDF |
Section 369 of Companies Act 2013: Saving of existing liabilities
Section 369 shall come into force on 1st April, 2014 vide Notification No. S.O. 902(E) issued dated 27.03.2014.
The registration of a company in pursuance of this Part shall not affect its rights or liabilities in respect of any debt or obligation incurred, or any contract entered into, by, to, with, or on behalf of, the company before registration.