Amendment status not verified — confirm the current text below against the official source.
Composition Deed that is to say, any instrument executed by Seventy five rupees. a debtor, whereby he conveys his property for the benefit of his creditors or whereby payment of a composition or dividend on their debts is secured to the creditors or whereby provision is made for the continuance of the debtor business, under the supervision of inspectors or - under letters of licence, for the benefit of his creditors.