which the company possesses accumulated profits, whether capitalised or not ; (c) any distribution made to the shareholders of a company on its liquidation ... business of the company ; (iii) any dividend paid by a company which is set off by the company against the whole or any part
liquidation, the Liquidator shall forward a copy thereof,- (a) to the Central Government, if that Government is a member of the Government company ... company; or (c) to the Central Government and any State Government, if both the Governments are members of the Government company.] (5) The Liquidator shall
Capital gains on distribution of assets by companies in liquidation.
(1) Notwithstanding anything contained in section 45, where the assets of a company are distributed ... purposes of section 45. (2) Where a shareholder on the liquidation of a company receives any money or other assets from the company, he shall
Dissolution of company by Tribunal.—(1) When
the affairs of a company have been completely wound up,
the Company Liquidator shall make an application ... register relating to the
company a minute of the dissolution of the
company; and
(b) direct the Company Liquidator to forward a copy
company; (20) “company” means a company incorporated under this Act or under any previous company law; (21) “company limited by guarantee” means a company having ... assets of the company in the event of its being wound up; (22) “company limited by shares” means a company having the liability
person to attend to the Liquidator at such time and place as the Liquidator may appoint and give the Liquidator all information which ... Liquidator or provisional Liquidator, as the case may be, within forty-five days from the date of the advertisement and the Liquidator or provisional Liquidator
Section
390 clarifies that Company means any Company liable to be
wound up under the Companies Act . SCML was a company
that was ordered ... case of merger or amalgamation of two companies.
Neither of the companies was in liquidation. This Court
held that compromise or arrangement included
amalgamation
Section 555 in The Companies Act, 1956
555. Unpaid dividends and undistributed assets to be paid into the Companies Liquidation Account .-
[(1) Where any company ... known as the Companies Liquidation Account.] (2) The Liquidator shall, on the dissolution of the company, similarly pay into the said account any money representing
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 ... Liquidator and all officers, past or present, of the company shall give the [Official Liquidator referred to in clause (c) of sub-section
Section 290 in The Companies Act, 2013
290. Powers and duties of Company Liquidator.—
(1) Subject to directions by the Tribunal, if any, in this ... necessary for the winding up of the company. (2) The exercise of powers by the Company Liquidator under sub-section (1) shall be subject
