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[Cites 0, Cited by 0] [Section 460] [Entire Act]

Union of India - Subsection

Section 460(1) in The Companies Act, 1956

(1)Subject to the provisions of this Act, the Liquidator shall, in the administration of the assets of the company and the distribution thereof among its creditors, have regard to any directions which may be given by resolution of the creditors or contributories at any general meeting or by the committee of inspection.