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Union of India - Section

Section 52 in Companies (Winding Up) Rules, 2020

52. Resolution of contributors' meeting.

- At a meeting of the contributors a resolution shall be deemed to be passed when a majority in value of the contributors present personally or by proxy and voting on the resolution have voted in favour of the resolution and the value of the contributors shall be determined according to the number of votes to which each contributory is entitled as a member of the company under the provisions of the Act or the articles of the company as the case may be.