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[Cites 0, Cited by 32] [Section 497] [Entire Act]

Union of India - Subsection

Section 497(1) in The Companies Act, 1956

(1)Subject to the provisions of section 498, as soon as the affairs of the company are fully wound-up, the Liquidator shall-
(a)make up an account of the winding up, showing how the winding up has been conducted and the property of the company has been disposed of; and
(b)call a general meeting of the company for the purpose of laying the account before it, and giving any explanation thereof.