Companies Act, 2013
Section - 327 - Preferential payments
Preferential payments. 327.(1) In a winding up, subject to the provisions of , there shall be paid in priority to all other debts,-
| (a) | - | all revenues, taxes, cesses and rates due from the company to the Central Government or a State Government or to a local authority at the relevant date, and having become due and payable within the twelve months immediately before that date; |
| (b) | - | all wages or salary including wages payable for time or piece work and salary earned wholly or in part by way of commission of any employee in respect of services rendered to the company and due for a period not exceeding four months within the twelve months immediately before the relevant date, subject to the condition that the amount payable under this clause to any workman shall not exceed such amount as may be notified; |
| (c) | - | all accrued holiday remuneration becoming payable to any employee, or in the case of .... To read the full section download the app from Google Play store
Featured
ARTICLESHIP
28 October 2026
CA- Inter and ArticlesN N V Satish & Co., Hyderabad CA Inter View Details
24 October 2026
CA Industrial TraineeFytomax Nutrition Private Limited Aurangabad CA Inter View Details
ARTICLESHIP
23 October 2026
CA Articleship / Article AssistantM N Rao & Associates LLP Vijayawada CA Inter View Details
28 October 2026
Assistant Director/ Associate Director-Finance & AccountingKrea University Chennai CA View Details
CCI
Pro
|
CAclubindia
