Section 396A - Preservation of books and papers of amalgamated company. - Companies Act, 1956

Preservation of books and papers of amalgamated company. [1] [396A. The books and papers of a company which has been amalgamated with, or whose shares have been acquired by, another company under this Chapter shall not be disposed off without the prior permission, of the Central Government and before granting such permission, that Government may appoint a person to examine the books and papers or any of them for the purpose of ascertaining whether they contain any evidence of the commission of an offence in connection with the promotion or formation, or the management of the affairs, of the first-mentioned company or its amalgamation or the acquisition of its shares.] ------------------------------------------ Notes:- [1] Inserted by Companies (Amendment) Act, 1965, Act 31 of 1965, section 52, w.e.f. 15-10-1965.