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Section 314

[Omitted.]. 315. [Omitted.]. 316. [Omitted.]. 317. [Omitted.]. 318. [Omitted.]. 319. [Omitted.]. 320. [Omitted.]. 321. [Omitted.]. 322. [Omitted.]. 323. [Omitted.].

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314. [Omitted.]. 315. [Omitted.]. 316. [Omitted.]. 317. [Omitted.]. 318. [Omitted.]. 319. [Omitted.]. 320. [Omitted.]. 321. [Omitted.]. 322. [Omitted.]. 323. [Omitted.]. PART III . —P —Provisions applicable to every mode of winding up Debts of all descriptions to be admitted to proof. [Omitted.] Overriding preferential payments. Preferential payments. Fraudulent preference. Transfers not in good faith to be void. Certain transfers to be void. Liabilities and rights of certain persons fraudulently preferred. Effect of floating charge. Disclaimer of onerous property. Transfers, etc., after commencement of winding up to be void. Certain attachments, executions, etc., in winding up by Tribunal to be void. Offences by officers of companies in liquidation. Penalty for frauds by officers. Liability where proper accounts not kept. Liability for fraudulent conduct of business. Power of Tribunal to assess damages against delinquent directors, etc. Liability under sections 339 and 340 to extend to partners or directors in firms or companies. Prosecution of delinquent officers and members of company. Company Liquidator to exercise certain powers subject to sanction. Statement that company is in liquidation. Books and papers of company to be evidence. Inspection of books and papers by creditors and contributories. Disposal of books and papers of company. Information as to pending liquidations. Official Liquidator to make payments into public account of India. Company Liquidator to deposit monies into scheduled bank. Liquidator not to deposit monies into private banking account. Company Liquidation Dividend and Undistributed Assets Account. Liquidator to make returns, etc. Meetings to ascertain wishes of creditors or contributories. Court, tribunal or person, etc., before whom affidavit may be sworn. Power of Tribunal to declare dissolution of company void. Commencement of winding up by Tribunal. Exclusion of certain time in computing period of limitation. SECTIONS Appointment of Official Liquidator. Powers and functions of Official Liquidator. Summary procedure for liquidation. Sale of assets and recovery of debts due to company. Settlement of claims of creditors by Official Liquidator. Appeal by creditor. Order of dissolution of company.