Saturday, July 2, 2011

Sec. 2. Definitions.- In this Act, unless the context otherwise requires

Sec. 2 (33) - Defn .of the term Prescribed

(33) "prescribed" means, as respects the provisions of this Act relating to the winding up of companies except sub-section (5) of section 503, 23[sub-section (3) of section 550, section 552 and sub-section (3) of section 555], prescribed by rules made by the Supreme Court in consultation with 24[The Tribunal], and as respects the other provisions of this Act including sub-section (5) of section 503, 23[sub-section (3) of section 550, section 552 and sub-section (3) of section 555], prescribed by rules made by the Central Government;

23. Subs. by Act 65 of I960, sec. 2, for "sub-section (1) of section 549 and sub-section (3) of section 550" (w.e.f. 28-12-1960).

24. Subs. by Act 11 of 2003, sec. 2, for "High Courts" (w.e.f. 1-4-2003)

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