Section LXXIV
Fraudulent preference.
The Joint-stock Companies Act, 1857
About this Act
An Act to make better provision for the order and good government of the Suburbs of Calcutta and of the station of Howrah.
Any conveyance, mortgage, delivery of goods,
payment, or other act relating to property, if made, done, or suffered voluntarily by any
Company registered under this Act whilst in insolvent circumstance, with a view to give
any undue or fraudulent in insolvent circumstances, with a view to give any undue or
fraudulent preference to any creditor of such Company, shall be void if made, done, or
suffered within three months before the commencement of the winding -up of such
Company.