Rule 279: Official Liquidator's Process for Returning Capital to Company Contributories Explained with Forms 140 and 141.
Rule 279 of the Company Court Rules, 1959, outlines the procedure for an order authorizing the Official Liquidator to return capital to the contributories of a company. The order must include or append a schedule or list prepared by the Official Liquidator, detailing the names, addresses, and payable amounts to each contributory. It should also include any changes in share transfers or variations in the list of contributories since its settlement. The schedule must follow Form No. 140, with necessary adjustments, and the Official Liquidator must notify each contributory by ordinary post using Form No. 141.
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