Companies Act, 1956
Section - 498 - Alternative provisions as to annual and final meetings in case of insolvency
Alternative provisions as to annual and final meetings in case of insolvency.498. Where has effect, and shall apply to the winding up, to the exclusion of and , as if the winding up were a creditors’ voluntary winding up and not a members’ voluntary winding up :Provided that the liquidator shall not be required to call a meeting of creditors under at the end of the first year from the commencement of the winding up, unless the meeting held under has been held more than three months before the end of that year.
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