Companies Act Section 255: Exclusion of certain time in computing period of limitation.

THE COMPANIES ACT, 2013

ACT NO. 18 OF 2013

COMPANIES ACT 2013 SECTION 255 CHAPTER XIX

REVIVAL AND REHABILITATION OF SICK COMPANIES

 

Exclusion of certain time in computing period of limitation.— Notwithstanding anything contained in the Limitation Act, 1963 (36 of 1963) or in any other law for the time being in force, in computing the period of limitation specified for any suit or application in the name and on behalf of a company for which an application has been made to the Tribunal under sub-section (1) of section 253, for a determination to be declared as a sick company or at any stage thereafter, the period during which the stay order as provided under sub-section (3) of section 253, was applicable shall be excluded.

Tags: companies act 2013 section 255 CHAPTER XIX, companies act 2013, companies act chapter xix, company act section 255, exclusion of certain time in computing period of limitation.



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