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[Cites 0, Cited by 2] [Section 490] [Entire Act]

Union of India - Subsection

Section 490(1) in The Companies Act, 1956

(1)The company in general meeting shall-
(a)appoint one or more Liquidators for the purpose of winding up the affairs and distributing the assets of the company; and
(b)fix the remuneration, if any, to be paid to the Liquidator or Liquidators.