Books to be kept by Company Liquidator
Section 293 of the Companies Act, 2013 deals with books to be kept by Company Liquidator. The Company Liquidator shall keep proper books in such manner, as may be prescribed, in which he shall cause entries or minutes to be made of proceedings at meetings and of such other matters as may be prescribed. The Act came into force on 01 Apr 2014.
(1) The Company Liquidator shall keep proper books in such manner, as may be prescribed, in which he shall cause entries or minutes to be made of proceedings at meetings and of such other matters as may be prescribed.
(2) Any creditor or contributory may, subject to the control of the Tribunal, inspect any such books, personally or through his agent.
Section 293, The Companies Act, 2013 (Act 18 of 2013).
Related judgements & precedents
These are some judgments that construed this section, and hold precedence value. They hold authority on how to read, interpret and use this section.
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Common Cause A Regd. Society vs U. O. I.
Court's Decision & Legal Precedent
Political parties are under mandatory statutory obligation to file returns of income for each assessment year in accordance with Income Tax Act provisions. A political party that has not maintained audited and authenticated accounts and has not filed returns of income for the relevant period cannot ordinarily be permitted to claim that expenditure was incurred or authorized by the party in connection with election of candidates. Expenditure in connection with election of a candidate shall be presumed to have been authorized by the candidate or election agent, but the candidate may rebut this presumption by proving that the expenditure was in fact incurred by the political party or other association or body of persons or individual, and such proof must be based on proper audited accounts maintained in accordance with Section 13A of Income Tax Act. The Election Commission has power under Article 324 of the Constitution to issue directions requiring political parties to submit details of expenditure incurred or authorized in connection with elections for the Commission's scrutiny.
On this section: Cited to establish that companies can contribute to political parties only up to 5% of average net profits and only with Board resolution; contributions must be disclosed in profit and loss account. Court held this provision is mandatory and designed to bring transparency in corporate funding of elections.
The holding above is the ratio decidendi as extracted from the judgment by eCourts India, reproduced unaltered — it is a rendering of the court's reasoning, not a substitute for its words. Read the order itself before relying on it.
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.
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… The sale of the suit property was effected in the name of defendant No.1 company by defendant Nos. 2, 3 and 4 in the capacity as its directors. It is alleged that the sale being contrary to the provisions to section 293 of the Companies Act is void. If the said is void, the person aggrieved is the company. The suit should therefore normally be filed by the company for setting aside the alienation. The plaintiff who is only a shareholder of the company would not normally have a right to file a suit on behalf of the company as …
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 293
What have the courts held on Section 293 of the Companies Act?
Common Cause A Regd. Society vs U. O. I. (04 Apr 1996) is the leading judgment on this section among those set out below: Cited to establish that companies can contribute to political parties only up to 5% of average net profits and only with Board resolution; contributions must be disclosed in profit and loss account. Court held this provision is mandatory and designed to bring transparency in corporate funding of elections.
How do I find court cases under Section 293 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 293, section 293 Companies Act, section 293 of the Companies Act. People searching for it also type companies act 2014 section 293 and 293a companies act 1956. Each opens the full list of orders on eCourtsIndia, where it can be narrowed by court, year and outcome. 1 reported judgment on this section is set out on this page, beginning with Common Cause A Regd. Society vs U. O. I. (04 Apr 1996).
What should I read with Section 293 of the Companies Act, and has it changed?
One instrument names it without being made under it, most recently Clarification with regard to section 180 of the Companies Act, 2013 (2014).
When did Section 293 of the Companies Act come into force?
Section 293 of the Companies Act, cited as Companies Act 293, 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 16 Oct 2026. This page is not a substitute for legal advice.