What is the meaning of Books and papers of company to be evidence What is inspection of books and papers by creditors and contributories Section 345 and 346 of Indian Companies Act 2013

Books and papers of company to be evidence and Inspection of books and papers by creditors and contributories are defined under Section 345 and 346 of Indian Companies Act 2013. Provisions under these Sections are:

 

Section 345 of Indian Companies Act 2013 "Books and papers of company to be evidence"

Where a company is being wound up, all books and papers of the company and of the Company Liquidator shall, as between the contributories of the company, be prima facie evidence of the truth of all matters purporting to be recorded therein.


 

Section 346 of Indian Companies Act 2013 "Inspection of books and papers by creditors and contributories"

(1) At any time after the making of an order for the winding up of a company by the Tribunal, any creditor or contributory of the company may inspect the books and papers of the company only in accordance with, and subject to such rules as may be prescribed.

(2) Nothing contained in sub-section (1) shall exclude or restrict any rights conferred by any law for the time being in force -

(a) on the Central Government or a State Government;

(b) on any authority or officer thereof; or

(c) on any person acting under the authority of any such Government or of any such authority or officer.

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