Companies Act, 2013

Section 300

Power of Central Government to make call on creditors

⚡ Quick Answer Reference: Section 300 Companies Act

Provision: Section 300 of Companies Act
Act: Companies Act, 2013
Classification: corporate
Jurisdiction: India

Statutory Content

What does Section 300 of Companies Act say?

Where the Central Government has reason to believe that a company is being or has been associated in any promotion, management or working of an offshore company, it may, by order, direct the company to make a call on its creditors for the amount specified in the order, and the company shall be bound to comply with such order.

Indian StandardSection 300, Companies Act, 2013

Bluebook (21st ed.)Companies Act, 2013, § 300 (India)

Court Pleading StandardSection 300 of the Companies Act, 2013

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Source: Gazette of India (Official Publication)Verify egazette.gov.in ↗

Common Questions about Section 300 Companies Act

What is Section 300 of Companies Act?

Section 300 of the Companies Act, 2013 (Companies Act) defines and regulates "Power of Central Government to make call on creditors". The section states: Where the Central Government has reason to believe that a company is being or has been associated in any promotion, management or working of an offshore company, it may, by order, ...

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