Amendment status not verified — confirm the current text below against the official source.
Composition-deed,- that is to say, any instrument executed by a debtor, where by 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 debtors‘ business, under the supervision of inspectors or under letters of licence, for the benefit of his creditors. 3[1[2[five hundred rupees]2]1]3