valid as on 23/04/2018

Section 370. Continuation of pending legal proceedings
Effective from 01-04-2014, font in blue from 15-12-2016

All suits and other legal proceedings taken by or against the , or any public officer or thereof, which are pending at the time of the registration of a company in pursuance of this Part, may be continued in the same manner as if the registration had not taken place:

Provided that execution shall not issue against the property or persons of any individual member of the company on any decree or order obtained in any such suit or proceeding; but, in the event of the property of the company being insufficient to satisfy the decree or order, an order may be obtained for winding up the company (Notified )

Company means a company incorporated under this Act or under any previous company law
2(55) Member, in relation to a company, means—

(i) the subscriber to the memorandum of the company who shall be deemed to have agreed to become member of the company, and on its registration, shall be entered as member in its register of members;

(ii) every other person who agrees in writing to become a member of the company and whose name is entered in the register of members of the company;

(iii) every person holding shares of the company and whose name is entered as a beneficial owner in the records of a depository

Substituted vide The Insolvency and Bankruptcy Code, 2016. To view the amendment,Click Here

Amendments to Companies Act, 2013 vide Eleventh Schedule of the Insolvency and Bankruptcy Code, 2016


Enforcement Notification S.O. 3677(E) dated 07/12/2016


Enforcement Notification S.O. 902(E) dated 26/03/2014


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