Any failure by a company to comply with the provisions of this Chapter shall not affect the validity of any contract, dealing or transaction entered into by the company or its liability to be sued in respect thereof, but the company shall not be entitled to bring any suit, claim any set-off, make any counter-claim or institute any legal proceeding in respect of any such contract, dealing or transaction, until the company has complied with the provisions of this Act applicable to it.
Section 393: Company‘s failure to comply with provisions of this Chapter not to affect validity or contracts, etc
The Companies Act, 2013Central Act · Act 18 of 2013
Where this provision sits
| Act | The Companies Act, 2013 |
|---|---|
| Section | 393 |
| Marginal note | Company‘s failure to comply with provisions of this Chapter not to affect validity or contracts, etc |
| Jurisdiction | Central |
| Status | In force as published by the source |
| Judgments citing it | 5 |
Judgments that turned on this provision
- APP/756/2012 of ANKUR DRUGS and PHARMA LTD., Vs CANBANK FACTORSLIMITED, (SUBSIDIARY OF CANARA BANK).Bombay High Court · 2013-07-08
- COMA/496/2006 of ZORA PHARMA LTD. Vs .High Court of Gujarat · 2006-09-25
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