Indian Bare Acts

The Companies Act, 1956

Title : The Companies Act, 1956

Year : 1956

Sec520    -     Costs of voluntary winding up.

    All costs, charges and expenses properly incurred in the winding up, including the remuneration of the liquidator, shall, subject to the rights of secured creditors, if any, be payable out of the assets of the company in priority to all other claims.

**Section 521 repealed by the Companies (Amendment) Act. 1960 (65 of 1960),section 181.

Last updated on May, 2015

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