Section 536 in The Companies Act, 1956
536. Avoidance of transfers, etc., after commencement of winding up .-
(1) In the case of a voluntary winding ... winding up, shall, [unless the Tribunal] [ Substituted by Act 11 of 2003, Section 96, for " unless the Court" .] otherwise orders, be void
court. We need not bother ourselves with the first sub-
section of Section 536 of the Companies Act as it deals with a case ... Court considered therein
pertained to Section 227(2) of the old Companies Act, 1913 which was
identical to Section 536(2) of the present
would appear from Section 456(1), sub-sections (1)
and (3) of Section 150, Sections 457, 446(2) and Section 536(2) of the
Companies ... learned counsel, that both the provisions of sub-section (4)
of Section 20 and Section 536 should be read conjointly so as to enable
provisions of section 227(2) of the Companies Act, 1913 were being considered. Section 227(2) was identical to section 536(2) of the present ... Petition No. 296 of 1998 submits that section 138 of the Negotiable Instruments Act and section 536(2) of the Companies Act operate in entirely
inclined to think that the wording of Section 418 (1) as well as of Section 536 was capable of more than one meaning, equally favouring ... however of a contrary opinion, and observed as follows:
Reading Section 418 with Section 536, it seems So me that the question as to whether
company, he claimed a refund of these amounts under Section 536 of the Companies Act. He stated in the application that the receipt ... petition under Section 536(2) of the Companies Act in which the petitioner is the society and the respondents are the company in liquidation
presentation of
a petition for winding-up. Sub- section 2 of Section 536 confers an
enabling power on the Court to direct that a disposition ... subject that the following principles
are doubtless applicable to sub-section (2) of section
536 of the Companies Act, 1956 :
1. The court
sanction on a narrow interpretation of the section, viz., that I can exercise the power under Section 536(2) only in the event ... placed by the section on the court's discretion to grant or refuse an application under Section 227 (here Section 536(2) ) and such
Section 536 in The Calcutta Municipal Corporation Act, 1980
536. Acquisition of immovable property by agreement. -
(1) Whenever it is provided in this Act that ... immovable property vested in the Corporation and the provisions of sub-sections (1) and (2) shall apply to such acquisition
context of section 229 of the Companies Act, 1913. Section 229 of the Companies Act, 1913, was the corresponding provision to section 536 ... take into account the provisions of sections 531 and 531A dealing with fraudulent preference and section 536 of the Companies Act declaring certain transactions
