Companies Act, 1956
Section - 546 - Liquidator to exercise certain powers subject to sanction
Miscellaneous provisionsLiquidator to exercise certain powers subject to sanction.546. (1) The liquidator may— (a) with the sanction of the [Tribunal], when the company is being wound up by [the Tribunal] ; and (b) with the sanction of a special resolution of the company, in the case of a voluntary winding up,— (i) pay any classes of creditors in full; (ii) make any compromise or arrangement wi .... To read the full section download the app from Google Play store
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