Companies Act, 1956
Section - 437 - [OMITTED BY THE COMPANIES (SECOND AMENDMENT) ACT, 2002 , W.E.F. A DATE YET TO BE NOTIFIED.]
Power of High Court to retain winding up proceedings in District Court.437. [Omitted by the Companies (Second Amendment) Act, 2002, w.e.f. a date yet to be notified.]60. Prior to their omission, sections 435 to 438, read as under : '435. Transfer of winding up proceedings to District Court.—Where a High Court makes an order for winding up a company under this Act, the High Court may, if it thinks fit, direct all subsequent proceedings to be had in a District Court subordinate thereto or, with the consent of any other High Court, in such High Court or in a District Court subordinate thereto; and thereupon for the purposes of winding up the company, the Court in respect of which such direction is given shall be deemed to be "the Court" within the meaning of this Act, and shall have all the jurisdiction and powers of a High Court under this Act. 436. Withdrawal and transfer of winding up from one District Court to another.—If during the progress of a winding up in a District Court, it appears to the High Court that the same could be more conveniently proceeded with in the High Court or in .... To read the full section download the app from Google Play store
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