Exercise and control of Company Liquidator‘s powers
Section 292 of the Companies Act, 2013 deals with exercise and control of Company Liquidator‘s powers. Subject to the provisions of this Act, the Company Liquidator shall, in the administration of the assets of the company and the distribution thereof among its creditors, have regard to any directions which may be given by the resolution of the creditors or contributories at any general meeting or by The Act came into force on 01 Apr 2014.
(1) Subject to the provisions of this Act, the Company Liquidator shall, in the administration of the assets of the company and the distribution thereof among its creditors, have regard to any directions which may be given by the resolution of the creditors or contributories at any general meeting or by the advisory committee.
(2) Any directions given by the creditors or contributories at any general meeting shall, in case of conflict, be deemed to override any directions given by the advisory committee.
(3) The Company Liquidator--
(a) may summon meetings of the creditors or contributories, whenever he thinks fit, for the purpose of ascertaining their wishes; and
(b) shall summon such meetings at such times, as the creditors or contributories, as the case may be, may, by resolution, direct, or whenever requested in writing to do so by not less than one-tenth in value of the creditors or contributories, as the case may be.
(4) Any person aggrieved by any act or decision of the Company Liquidator may apply to the Tribunal, and the Tribunal may confirm, reverse or modify the act or decision complained of and make such further order as it thinks just and proper in the circumstances.
Section 292, The Companies Act, 2013 (Act 18 of 2013).
Judgments citing this section
These may be obiter dicta or a precedent, for you to study. These are the judgments where this section is quoted.
-
… Mr. Diwan submitted that the Corporate Debtor had in its Articles of Association restricted the power of the Board to obtain loans. All loans were to be subject to Section 292 of the Companies Act, 1956 which corresponds to Section 179 of the Companies Act, 2013. 28. Mr. Diwan argued that Section 399 of the Companies Act, 2013 enables a person to inspect any document which is kept in the office of the Registrar of Companies, including the Articles of Association of a company. Having …
-
… in O.S.609/08 and claims on the basis of that report that the entire movables and fixtures are even now lying in the acquired property and they have not been taken away by the petitioner. As regards signature of Roy Joseph on Ext.P11 it is submitted that Ext.P11 is not signed by Roy Joseph on behalf of the company. Section 292 of the Companies Act is referred to and it is contended that in order to bind the company the Managing Director has to be authorised under the provisions of the Memorandum and Articles of Association of the company or under a Board Resolution. As regards receipt of two cheques it is pointed out that those two …
Made under this section, and citing it
1 instrument names this provision in its title or its text without being made under it.
Questions about Section 292
What does Section 292 of the Companies Act deal with?
Section 292 of the Companies Act is headed "Exercise and control of Company Liquidator‘s powers". Subject to the provisions of this Act, the Company Liquidator shall, in the administration of the assets of the company and the distribution thereof among its creditors, have regard to any directions which may be given by the resolution of the creditors or contributories at any general meeting or by
How do I find court cases under Section 292 of the Companies Act?
In judgments and charge sheets this section is written several ways, and each form finds a different set of orders. These search the full text of every order eCourtsIndia holds, best matches first: Companies Act 292, section 292 Companies Act, section 292 of the Companies Act. People searching for it also type corporation act 292. Each opens the full list of orders on eCourtsIndia, where it can be narrowed by court, year and outcome.
What should I read with Section 292 of the Companies Act, and has it changed?
One instrument names it without being made under it, most recently Companies (winding up) Rules 2020 (2020).
When did Section 292 of the Companies Act come into force?
Section 292 of the Companies Act, cited as Companies Act 292, came into force on 01 Apr 2014, having been enacted on 29 Aug 2013. It is in force as at the date shown on this page.
Other sections of this Act
- 2. Definitions5089 words
- 143. Powers and duties of auditors and auditing standards1867 words
- 230. Power to compromise or make arrangements with creditors and members1432 words
- 232. Merger and amalgamation of companies1416 words
- 149. Company to have Board of Directors1403 words
- 217. Procedure, powers, etc., of inspectors1390 words
Source and method. Compiled from the enactments of Parliament and of the State legislatures as published on India Code, and republished together with commentary and other original matter under section 52(1)(q)(ii) of the Copyright Act, 1957. Structured, cross-referenced and maintained by eCourtsIndia. Text as in force on 18 Oct 2026. This page is not a substitute for legal advice.