Companies Act, 1956
Section - 499 - Provisions applicable to a creditors’ voluntary winding up
Provisions applicable to a creditors’ voluntary winding upProvisions applicable to a creditors’ voluntary winding up.499. The provisions contained in to , both inclusive, shall apply in relation to a creditors’ voluntary winding up.Meeting of creditors.500. (1) The company shall cause a meeting of the creditors of the company to be called for the day, or the day next following the day, on which there is to be held the general meeting of the company at which the resolution for voluntary winding up is to be proposed, and shall cause notices of the meeting of creditors to be sent by post to the creditors simultaneously with the sending of the notices of the meeting of the company.(2) The company shall cause notice of the meeting of the creditors to be advertised once at least in the Official Gazette and once at least in two news-papers circulating in the district where the registered office or principal place of business of the company is situate.(3) The Board of directors of the company shall —.... To read the full section download the app from Google Play store
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