Section 246: Application of certain provisions to proceedings under section 241 or section 245

Companies Act, 2013 · Chapter XVI: Prevention Of Oppression And Mismanagement · In force

This section applies certain provisions to proceedings related to oppression or mismanagement under the company law.

The section, clause by clause

What the section says

In plain terms

The provisions of sections 337 to 341 (both inclusive) shall apply mutatis mutandis, in relation to an application made to the Tribunal under section 241 or section 245. CHAPTER XVII REGISTERED VALUERS

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. Subs. by Notification No. S.O. 3400(E), s. 2 for certain words (w.e.f. 23-10-2017).
2. Subs. by Act 1 of 2018, s. 74, for “during or after the valuation of assets” (w.e.f. 9-2-2018).
3. Subs. by vide Notification No. S.O. 1303(E), for certain words (w.e.f. 24-3-2021).
4. Ins. by Act 21 of 2015, s. 19 (w.e.f. 29-5-2015).
5. Clause (b) omitted by s. 19, ibid. (w.e.f. 29-5-2015).
6. Subs. by Act 22 of 2019, s. 36, for “section 455,” (w.e.f. 2-11-2018).
7. Ins. by s. 36, ibid. (w.e.f. 2-11-2018).

This section refers to

s. 241 Application to Tribunal for relief in cases of oppression, etc s. 245 Class action s. 337 Penalty for frauds by officers s. 338 Liability where proper accounts not kept s. 339 Liability for fraudulent conduct of business s. 340 Power of Tribunal to assess damages against delinquent directors, etc s. 341 Liability under sections 339 and 340 to extend to partners or directors in firms or companies

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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.