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[Cites 0, Cited by 0] [Section 540] [Entire Act]

Union of India - Subsection

Section 540(b) in The Companies Act, 1956

(b)with intent to defraud creditors of the company, has made or caused to be made any gift or transfer of or charge on, or has caused or connived at the levying of any execution against the property of the company; or