Companies Act · XX — WINDING UP

Section 329. Transfers not in good faith to be void

In force · As amended up to 2026-08

3[ 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 encumbrancer 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 under this Act shall be void against the Company Liquidator.]

Source: India Code