Meaning

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What is the meaning of "Onerous Property" u/s 535 in winding up of the companies?????

 

Thanx

Anchal

Replies (3)

"Onerous property" means unsaleable property or

 

some form of unprofitable contracts.....

 

n details of sec.  535...

 

click dis.........

 

Disclaimer of Onerous property in case of a company which is being wound -up.

 

Originally posted by : Anamikaa Shuklaa

"Onerous property" means unsaleable property or

 

some form of unprofitable contracts.....

 

n details of sec.  535...

 

click dis.........

 

Disclaimer of Onerous property in case of a company which is being wound -up.

 

Thanx anamikaa ji..... :)

What does "save as otherwise" means ?????

 

Thanx

Anchal


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