03 September 2011
1.Section 531 enunciates transfer of property etc 6 months before the commencement of company winding up will be invalid as far as liquidator is concerned (Void against liquidator)
2.Section 531A enunciates transfer of property etc in the ordinary course of business even in good faith for valuable consideration if made with in a period of 1(one) year before the presentation of a petition for winding up by the Tribunal or passing of a resolution for voluntary winding up of the company, shall be void against the liquidator.]
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