Urgent doubt-ca final law- pls help

Final 705 views 1 replies

Hi friends, Please help me to clear the following doubts related to  Law:

1) Sec 528 and 529. What do these sections state?Is it as follows:

       Sec 528: In the event of winding up , that debts are payable only if proved.

                       Is this proof required only in case of insolvent Co's ?

                                                               OR

                      Is the proof required in case of all liablities whether solvent/insolvent Co?

     Sec 529 : The section is stating provisions regarding " realisation of security by creditor" ?Please explain this?

    

2)Sec 283: Vacation  of office .Is it applicable only to public Co OR even to private Co?

                     

Please help me as fast as possible.

Thanks and regards,

Annmary

 

Replies (1)

Section 529.

Application of insolvency rules in winding up of insolvent companies.

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