Notified Date of Section: 7/12/2016

 Effective Date: 15/12/2016

Transfers Not in Good Faith to be Void.

¹["329. Any transfer of property, movable or immovable, or any delivery of goods, made by a company, not being a transfer or delivery made in the ordinary course of its business or in favour of a purchaser or encumbrancer in good faith and for valuable consideration, if made within a period of one year before the presentation of a petition for winding up by the Tribunal under this Act shall be void against the Company Liquidator."]