Section 531 & Section 531a ?

CA Sahil Singla.. (Service Tax ) (3745 Points)

01 September 2011  


What is the difference between Sec. 531 & Sec. 531A ?
I mean Sec. 531A says that transaction shall be void against the Liquidator. I am having two doubts- 
1.What is the meaning of void against Liquidator. ?
2. From reading both sections it appears that both are same. Is sec 531A a special case of Sec 531 ? If yes, how ?