Amendment status not verified — confirm the current text below against the official source.
COMPOSITION - DEED, that is to say, any Forty-nine rupees and instrument executed by a debtor, whereby he fifty paise 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 ofthe deb-tor's business, under the supervision of inspectors or under lifters of License, for the benefit of his creditors.