Provisions under Companies Act , 1956

Chapter V of Part VI: Management and Administration of the Indian Companies Act, 1956 [hereinafter referred to as the ‘Act’] regulates Arbitration, Compromises, Arrangements and Reconstructions as covered under Section 390-396A of the said Act. Section 390 of the Act provides interpretation of Sections 391 and 393 as under:

390. INTERPRETATION OF SECTIONS 391 AND 393

In sections 391 and 393, -