Transfers not in good faith to be void
Section 329 of the Companies Act, 2013 deals with transfers not in good faith to be void. Any transfer of property, movable or immovable, or any delivery of goods, made by a company, not being a transfer or delivery made in the ordinary course of its business or in favour of a purchaser or encumbrance in good faith and for valuable consideration, if made within a period of one year befor The Act came into force on 01 Apr 2014.
1[329. Transfers not in good faith to be void.-- Any transfer of property, movable or immovable, or any delivery of goods, made by a company, not being a transfer or delivery made in the ordinary course of its business or in favour of a purchaser or encumbrance in good faith and for valuable consideration, if made within a period of one year before the presentation of a petition for winding up by the Tribunal or the passing of a resolution for voluntary winding up of the company, shall be void against the Company Liquidator.]
Section 329, The Companies Act, 2013 (Act 18 of 2013).
Questions about Section 329
What does Section 329 of the Companies Act deal with?
Section 329 of the Companies Act is headed "Transfers not in good faith to be void". [329. Transfers not in good faith to be void.-- Any transfer of property, movable or immovable, or any delivery of goods, made by a company, not being a transfer or delivery made in the ordinary course of its business or in favour of a purchaser or encumbrance in good faith and for valuable consider
How do I find court cases under Section 329 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 329, section 329 Companies Act, section 329 of the Companies Act. People searching for it also type companies act 2014 section 329. Each opens the full list of orders on eCourtsIndia, where it can be narrowed by court, year and outcome.
When did Section 329 of the Companies Act come into force?
Section 329 of the Companies Act, cited as Companies Act 329, 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.