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.
[ 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.