Indian Bare Acts

The Companies Act, 1956

Title : The Companies Act, 1956

Year : 1956

Sec507    -     Application of section 494 to a creditors voluntary winding up.

    The provisions of section 494 shall apply in the case of a creditors voluntary winding up as in the case of a members voluntary winding up, with the modification that the powers of the liquidator under that section shall not be exercised except with the sanction either of the Court or of the committee of inspection.

Last updated on May, 2015

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