Bare ActsCompanies Act, 1956

Section 396A

Preservation of books and papers of amalgamated company

Amendment status not verified — confirm the current text below against the official source.

The books and papers of a company which has been amalgamated with, or whose shares have been acquired by, another company under this Chapter shall not be disposed off without the prior permission, of the Central Government and before granting such permission, that Government may appoint a person to examine the books and papers or any of them for the purpose of ascertaining whether they contain any evidence of the commission of an offence in connection with the promotion or formation, or the management of the affairs, of the first-mentioned company or its amalgamation or the acquisition of its shares.]

Section 396A – Companies Act, 1956 | DailyLaw.ai