Bare ActsCompanies Act, 1956

Section 520

Costs of voluntary winding up

Amendment status not verified — confirm the current text below against the official source.

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.

Section 520 – Companies Act, 1956 | DailyLaw.ai