Section 329
Transfers not in good faith to be void
About this Act
An Act to consolidate and amend the law relating to companies.
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.]
Notes
1. Subs. by Act 31 of 2016, s. 255 and the Eleventh Schedule, for section 329 (w.e.f. 15-11-2016).