Amended and updated notes on section 345 of Companies Act 2013. Detail discussion on provisions and rules related to books and papers of company to be evidence.
Chapter XX (Section 270–365) of the Companies Act, 2013 (CA 2013) deals with the provisions related to winding up. Section 345 of CA 2013 provides for books and papers of company to be evidence.
Recently, we have discussed in detail section 344 (Statement that company is in liquidation) of CA 2013. Today, we learn the provisions of section 345 of the Companies Act 2013.
The provisions of section 345 are effective from 15th December, 2016. You may refer Notification No. S.O. 3677(E) issued dated 7-12-2016. In this article, you will learn detail of the provisions of section 345 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. | XX |
| Chapter Name | Winding Up |
| Section No. | 345 |
| Section Name | Books and papers of company to be evidence |
| Monthly Updated Edition | Company Law PDF |
Section 345 of Companies Act 2013: Books and papers of company to be evidence
Section 345 shall come into force on 15th December, 2016 vide Notification No. S.O. 3677(E) dated 07.12.2016.
Where a company is being wound up, all books and papers of the company and of the Company Liquidator shall, as between the contributories of the company, be prima facie evidence of the truth of all matters purporting to be recorded therein.