Repealed or not in force · As amended up to 2026-08
33. Directors if unable to meet engagements may at a special meeting declare such inability, and publish such declaration which shall be deemed an Act of forfeiture, &c. for specified purpose.
34, 35. Registered Company to be deemed to commit act of forfeiture by not satisfying judgment and execution, and execution creditor and other creditors as particularized may petition Insolvent Court against the Company, &c. whereupon (35) Insolvent Court shall make the common vesting order, &c.
36. Defines duty of Directors in case of insolvency.
Source: India Code