Section 391 of the Companies Act, 2013
Section 391 of the Companies Act, 2013 was originally part of the Companies Act, 1956, and does not exist under the Companies Act, 2013 in the same form.
However, if you're referring to the provisions related to compromise, arrangement, and amalgamation, which were covered under Section 391 of the Companies Act, 1956, then under the Companies Act, 2013, those are now covered under:
Relevant Sections in Companies Act, 2013:
Section 230 – Power to compromise or make arrangements with creditors and members.
Section 231 – Power of Tribunal to enforce compromise or arrangement.
Section 232 – Merger and amalgamation of companies.
Brief Comparison:
| Companies Act, 1956 | Companies Act, 2013 |
|---|---|
| Section 391 – Compromise or arrangement | Section 230 |
| Section 392 – Enforcement of compromise or arrangement | Section 231 |
| Section 394 – Amalgamation | Section 232 |
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