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of <h1>Section 471: Tribunal Can Direct Payments to RBI Account During Company Winding-Up Process Under Companies Act 1956.</h1> Section 471 of the Companies Act, 1956, addresses the payment of money due to a company during its winding-up process. It allows the Tribunal to direct any contributory, purchaser, or person owing money to the company to deposit the funds into the public account of India at the Reserve Bank of India, rather than paying the liquidator directly. Such orders from the Tribunal can be enforced as if they were directives for payment to the liquidator. The term 'Court' was replaced by 'Tribunal' following the Companies (Second Amendment) Act, 2002.
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