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The Companies Act, 2013

Chapter XX - Winding Up (270 - 365)

Section 313- Cesser of Board's powers on appointment of Company Liquidator.

[Section 313 omitted w.e.f.15.11.2016 vide Notification dated 28.05.2016 (Insolvency and Bankruptcy Code, 2016) read with MCA Notification S.O.3453(E) dated 15.11.2016 ]

Section 313- Cesser of Board's powers on appointment of Company Liquidator. [Corresponds to Section 491, 505 of the Companies Act, 1956]

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Prior to Omission w.e.f 15.11.2016, Section 313 read as under:

Section 313- Cesser of Board's powers on appointment of Company Liquidator

On the appointment of a Company Liquidator, all the powers of the Board of Directors and of the managing or whole-time directors and manager, if any, shall cease, except for the purpose of giving notice of such appointment of the Company Liquidator to the Registrar.