[ Section 330 notified with effect from 15.12.2016 vide S.O. 3676 (E) dated 07.12.2016]
Section 330- Certain transfers to be void. [Corresponds to Section 532 of the Companies Act, 1956]
Any transfer or assignment by a company of all its properties or assets to trustees for the benefit of all its creditors shall be void.
Section 532 Transfers for benefit of all creditors to be void.
Any transfer or assignment by a company of all its property to trustees for the benefit of all its creditors shall be void.