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of <h1>Sections 490-498 of Companies Act, 1956 guide members' voluntary winding up, ensuring legal compliance and orderly process.</h1> In a members' voluntary winding up under the Companies Act, 1956, the provisions outlined in sections 490 to 498 are applicable. These sections govern the procedures and requirements for such a winding up, ensuring compliance with the legal framework. Section 498 specifically influences the application of these provisions, indicating that certain conditions or modifications may apply. This statutory framework ensures that the winding up process is conducted in an orderly and legally compliant manner.
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