Companies Act, 1956
Section - 531A - Avoidance of voluntary transfer
[Avoidance of voluntary transfer.531A. Any transfer of property, movable or immovable, or any delivery of goods, made by a company, not being a transfer or delivery made in the ordinary course of its business or in favour of a purchaser or encumbrancer in good faith and for valuable consideration, if made within a period of one year before the presentation of a petition for winding up by [the Tribunal] or the passing of a resolution for voluntary winding up of the company, shall be void against the liquidator.] .... To read the full section download the app from Google Play store
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