All costs, charges and expenses properly incurred in the winding up, including the remuneration of the liquidator, shall, subject to the rights of secured creditors, if any, be payable out of the assets of the company in priority to all other claims.
Companies Act, 1956 Section 520 - Bare Act |
| State | Central Government |
| Year | 1956 |
| Section Title | Costs of Voluntary Winding Up |
Act Info: