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Companies Act, 1956 Section 511

Title: Distribution of Property of Company

State: Central

Year: 1956

Subject to the provisions of this Act as to preferential payments, the assets of a company shall, on its winding up be applied in satisfaction of its liabilities pari passu and subject to such application, shall, unless the articles otherwise provide, be distributed among the members according to their rights and interests in the company.

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Indian Penal Code (45 of 1860) Section 511

Title: Punishment for Attempting to Commit Offences Punishable with Imprisonment for Life or Other Imprisonment

State: Central

Year: 1860

.....that offence], or with such fine as is provided for the offence, or with both. Illustrations (a) A makes an attempt to steal some jewels by breaking open a box, and finds after so opening the box, that there is no jewel in it. He has done an act towards the commission of theft, and therefore is guilty under this section. (b) A makes an attempt to pick the pocket of Z by thrusting hi s hand into Z's pocket. A fails in the attempt in consequence of Z's having nothing in hi s pocket. A is guilty under this section. ______________________ 1. Substituted by Act 26 of 1955, section 117 and Schedule, for "transportation for life" (w.e.f. 1-1-1956). 2. Substituted by Act 26 of 1955, section 117 and Schedule, for certain original words (w.e.f. 1-1-1956).

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