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[Cites 0, Cited by 0] [Section 469] [Entire Act]

Union of India - Subsection

Section 469(3) in The Companies Act, 1956

(3)In the case of any company, whether limited or unlimited when all the creditors have been paid in full, any money due on any account whatever to a contributory from the company may be allowed to him by way of set-off against any subsequent call.