313. Declaration of solvency in a members’ voluntary winding-up
The declaration of solvency to be made by the directors of a company under section 488(1) shall be in Form No. 149, with such variations as the circumstances may require.
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- Silence on some occasions is also an argument
- Bombay HC: The Magistrate and Sessions courts must apply their mind before taking cognizance of offence against an accused
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