{"id":82342,"date":"2023-12-04T18:45:19","date_gmt":"2023-12-04T13:15:19","guid":{"rendered":"https:\/\/enterslice.com\/learning\/?post_type=act&#038;p=82342"},"modified":"2023-12-04T18:45:22","modified_gmt":"2023-12-04T13:15:22","slug":"section-468","status":"publish","type":"act","link":"https:\/\/enterslice.com\/learning\/act\/companies-act-2013\/section-468\/","title":{"rendered":"Section 468. Power Of Central Government To Make Rules Relating To Winding Up"},"content":{"rendered":"\n<p>(1) The Central Government shall, make rules consistent with the Code of Civil Procedure, 1908 (5 of 1908) providing for all matters relating to the winding up of companies, which by this Act, are to be prescribed, and may make rules providing for all such matters, as may be prescribed.<\/p>\n\n\n\n<hr class=\"wp-block-separator has-alpha-channel-opacity\"\/>\n\n\n\n<p><span id='easy-footnote-1-82342' class='easy-footnote-margin-adjust'><\/span><span class='easy-footnote'><a href='https:\/\/enterslice.com\/learning\/act\/companies-act-2013\/section-468\/#easy-footnote-bottom-1-82342' title='Subs. by Act 31 of 2016, s.255 and the Eleventh Schedule, for sub-section (2) (w.e.f. 15-11-2016).'><sup>1<\/sup><\/a><\/span>[(2) In particular, and without prejudice to the generality of the foregoing power, such rules may provide for all or any of the following matters, namely:&#8211;<\/p>\n\n\n\n<hr class=\"wp-block-separator has-alpha-channel-opacity\"\/>\n\n\n\n<p>(i) as to the mode of proceedings to be held for winding up of a company by the Tribunal under this Act;<\/p>\n\n\n\n<hr class=\"wp-block-separator has-alpha-channel-opacity\"\/>\n\n\n\n<p>(ii) for the holding of meetings of creditors and members in connection with proceedings under section 230;<\/p>\n\n\n\n<hr class=\"wp-block-separator has-alpha-channel-opacity\"\/>\n\n\n\n<p>(iii) for giving effect to the provisions of this Act as to the reduction of the capital;<\/p>\n\n\n\n<hr class=\"wp-block-separator has-alpha-channel-opacity\"\/>\n\n\n\n<p>(iv) generally for all applications to be made to the Tribunal under the provisions of this Act;<\/p>\n\n\n\n<hr class=\"wp-block-separator has-alpha-channel-opacity\"\/>\n\n\n\n<p>(v) the holding and conducting of meetings to ascertain the wishes of creditors and contributories;<\/p>\n\n\n\n<hr class=\"wp-block-separator has-alpha-channel-opacity\"\/>\n\n\n\n<p>(vi) the settling of lists of contributories and the rectifying of the register of members where required, and collecting and applying the assets;<\/p>\n\n\n\n<hr class=\"wp-block-separator has-alpha-channel-opacity\"\/>\n\n\n\n<p>(vii) the payment, delivery, conveyance, surrender or transfer of money, property, books or papers to the liquidator;<\/p>\n\n\n\n<hr class=\"wp-block-separator has-alpha-channel-opacity\"\/>\n\n\n\n<p>(viii) the making of calls; and<\/p>\n\n\n\n<hr class=\"wp-block-separator has-alpha-channel-opacity\"\/>\n\n\n\n<p>(ix) the fixing of a time within which debts and claims shall be proved.]<\/p>\n\n\n\n<hr class=\"wp-block-separator has-alpha-channel-opacity\"\/>\n\n\n\n<p>(3) All rules made by the Supreme Court on the matters referred to in this section as it stood immediately before the commencement of this Act and in force at such commencement, shall continue to be in force, till such time the rules are made by the Central Government and any reference to the High Court in relation to winding up of a company in such rules shall be construed as a reference to the Tribunal.<\/p>\n\n\n\n<hr class=\"wp-block-separator has-alpha-channel-opacity\"\/>\n","protected":false},"excerpt":{"rendered":"<p>(1) The Central Government shall, make rules consistent with the Code of Civil Procedure, 1908 (5 of 1908) providing for all matters relating to the winding up of companies, which by this Act, are to be prescribed, and may make rules providing for all such matters, as may be prescribed. 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