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[Cites 0, Cited by 41] [Section 456] [Entire Act]

Union of India - Subsection

Section 456(1) in The Companies Act, 1956

(1)Where a winding up order has been made or where a provisional Liquidator has been appointed, the Liquidator [or the provisional Liquidator, as the case may be,] shall take into his custody or under his control, all the property, effects and actionable claims to which the company is or appears to be entitled.