Section 298 of Companies Act, 2013 – Power to order costs

  • Updated Till : November 12, 2018

SECTION 298. POWER TO ORDER COSTS

[Effective from 15th December, 2016]

The Tribunal may, in the event of the assets of a company being insufficient to satisfy its liabilities, make an order for the payment out of the assets, of the costs, charges and expenses incurred in the winding up, in such order of priority inter se as the Tribunal thinks just and proper.

 

Corporate Law Referencer

Recent Articles

Recent Legal updates

Recent Gst Updates