Amended and updated notes on section 349 of Companies Act 2013. Detail discussion on provisions and rules related to official Liquidator to make payments into public account of India.
Chapter XX (Section 270–365) of the Companies Act, 2013 (CA 2013) deals with the provisions related to winding up. Section 349 of CA 2013 provides for official Liquidator to make payments into public account of India.
Recently, we have discussed in detail section 348 (Information as to pending liquidations) of CA 2013. Today, we learn the provisions of section 349 of the Companies Act 2013.
The provisions of section 349 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 349 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. | 349 |
| Section Name | Official Liquidator to make payments into public account of India |
| Monthly Updated Edition | Company Law PDF |
Section 349 of Companies Act 2013: Official Liquidator to make payments into public account of India
Section 349 shall come into force on 15th December, 2016 vide Notification No. S.O. 3677(E) dated 07.12.2016.
Every Official Liquidator shall, in such manner and at such times as may be prescribed, pay the monies received by him as Official Liquidator of any company, into the public account of India in the Reserve Bank of India.