Companies Act, 1956
Section - 511 - Distribution of property of company
Distribution of property of company.511. Subject to the provisions of this Act as to preferential payments, the assets of a company shall, on its winding up, be applied in satisfaction of its liabilities pari passu and, subject to such application, shall, unless the articles otherwise provide, be distributed among the members according to their rights and interests in the company. .... To read the full section download the app from Google Play store
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