Question
What happens to suits and other legal proceedings
initiated by or against a company, to be registered under Part I of Chapter XXI of the Companies Act, which were pending at the time of its registration?Solution
Section 370. Continuation of pending legal proceedings: All suits and other legal proceedings taken by or against the company, or any public officer or member thereof, which are pending at the time of the registration of a company in pursuance of this Part, may be continued in the same manner as if the registration had not taken place: Provided that execution shall not issue against the property or persons of any individual member of the company on any decree or order obtained in any such suit or proceeding; but, in the event of the property of the company being insufficient to satisfy the decree or order, an order may be in accordance with the provisions of this Act or of the Insolvency and Bankruptcy Code, 2016.
What is the sum of ages of persons whose ages are multiple of 5?
Which of the following letters will be 8th letter from the left end if the letters at even positions are replaced by succeeding letter in the...
If we arrange all the alphabets of the word MEDALIST in the alphabetical order from left end then the place of how many alphabets will remain unchanged...
How many pairs of letters are there in the word ‘PULMONARY’, which has as many letters between them (both forward and backward) in the word as in t...
If in the number 746838592, 1 is added to first four digit of the number and 1 is subtracted from last five digits of the number and then arranged in de...
If second letter from the left end of each word from each group is to be considered, then which among the following group of words can make at least one...
If all the digits of the number ‘62943857’ are rearranged in ascending order within the number from right to left, then what will be the product of ...
If each letter of the word ‘CUSTOMISATION’ is replaced by its immediate succeeding letter in the alphabetical series, then which of the following is...
If all the prime digits of the number 8695878795 are written first (in increasing order) followed by even digits(in increasing order) and then odd digit...
How many pairs of letters are there in the word “NOTIFICATION” each of which have as many letters between them in the word as they have between th...
