Section 378: Saving and construction of enactments conferring power to wind up partnership firm, association or company, etc., in certain cases
This section is for ensuring that existing laws about shutting down businesses are not affected by this part of the company law.
The section, clause by clause
What the section says
In plain terms
Nothing in this Part, shall affect the operation of any enactment which provides for any partnership firm, limited liability partnership or society or co-operative society, association or company being wound up, or being wound up as a company or as an unregistered company, under the Companies Act, 1956 (1 of 1956), or any Act repealed by that Act:
provisoProvided that references in any such enactment to any provision contained in the Companies Act, 1956 (1 of 1956) or in any Act repealed by that Act shall be read as references to the corresponding provision, if any, contained in this Act.
1[CHAPTER XXIA PRODUCER COMPANIES PART I PRELIMINARY
The right-hand column is written from the section text, not quoted from it, and it has no legal force. Where the two differ, the left-hand column is the law.
Amendment notes
- 1. Ins. by Act 29 of 2020, s. 52 (w.e.f. 11-2-2021).
Search the whole Act, or ask it a question, in the interactive browser.
Reproduced from the official India Code print for reference. Check the current text on India Code before you rely on it, and read the section alongside its Rules. Nothing here is legal advice.