Section 476 – The Companies Act,1956

The Companies Act, 1956

476. Power to order costs

The1[Tribunal] may, in the event of the assets being insufficient to satisfy the liabilities, make an order for the payment out of the assets, of the costs, charges and expenses incurred in the winding up, in such order of priority inter se as the 1[Tribunal] thinks just.

—————————–

1. Subs. by Act 11 of 2003, sec. 77, for “Court”.

Previous | Next

The Companies Act, 1956

Indian Laws – Bare Acts

MyNation

Leave a Comment

Your email address will not be published. Required fields are marked *