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[Cites 0, Cited by 0] [Section 269] [Entire Act]

Union of India - Subsection

Section 269(3) in The Companies Act, 2013

(3)A company which has contributed any amount to the Fund shall, in the event of proceedings initiated in respect of such company under this Chapter or Chapter XX, may make an application to the Tribunal for withdrawal of funds not exceeding the amount contributed by it, for making payments to workmen, protecting the assets of the company or meeting the incidental costs during proceedings.