Section - 501 - Notice of resolutions passed by creditors’ meeting to be given to Registrar
Notice of resolutions passed by creditors’ meeting to be given to Registrar.501. (1) Notice of any resolution passed at a creditors’ meeting in pursuance of shall be given by the company to the Registrar within ten days of the passing thereof.(2) If default is made in complying with sub-section (1), the company, and every officer of the company who is in default, shall be punishable with fine which may extend to [five hundred] rupees for every day during which the default continues.For the purposes of this section, a liquidator of the company shall be deemed to be an officer of the company.
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 n .... To read the full section download the app from Google Play store
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