Section - 475 - Adjustment of rights of contributories
Adjustment of rights of contributories.475. The [Tribunal] shall adjust the rights of the contributories among themselves, and distribute any surplus among the persons entitled thereto.
22. Substituted for "Court" by the Companies (Second Amendment) Act, 2002, w.e.f. a date yet to be notified. Prior to substitution, section 472 read as under : "472. Moneys and securities paid into bank to be subject to order of Court.—All moneys, bills, hundis, notes and other securities paid or delivered into the Reserve Bank of India in the course of the winding up of a company by the Court, shall be subject in all respects to the orders of the Court."
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