Section 549 - Inspection of books and papers by creditors and contributories. - Companies Act, 1956

Inspection of books and papers by creditors and contributories. 549. (1) At any time after the making of an order for the winding up of a company by [1] [the Tribunal], any creditor or contributory of the company may, if [2] [the Supreme Court*], by rules prescribed so permit and in accordance with and subject to such rules but not further or otherwise, inspect the books and papers of the company. (2) Nothing in sub-section (1) shall be taken as excluding or restricting any rights conferred by any law for the time being in force ___ (a) on the Central or a State Government; or (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. ----------------------------------- Notes:- [1] Substituted for "or subject to the supervision of the Court" by the Companies (Second Amendment) Act, 2002, w.e.f. a date yet to be notified. [2] Substituted by Act 65 of 1960, section 189, for "the Central Government". * Powers under section 643 transferred to Central Government. Should be substituted here also.