The Companies Act, 2013
Chapter– XX Winding Up
Part I- Winding up by the Tribunal
Section 301: Arrest of person trying to leave India or abscond.
*301. At any time either before or after passing a winding up order, if the Tribunal is satisfied that a contributory or a person having property, accounts or papers of the company in his possession is about to leave India or otherwise to abscond, or is about to remove or conceal any of his property, for the purpose of evading payment of calls or of avoiding examination respecting the affairs of the company, the Tribunal may cause—
(a) the contributory to be detained until such time as the Tribunal may order; and
(b) his books and papers and movable property to be seized and safely kept until such time as the Tribunal may order.
*Effective from 15.12.2016.
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