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of <h1>Transfers to Trustees for Creditor Benefit Deemed Void Under Companies Bill 2011, Clause 330</h1> Any transfer or assignment by a company of all its properties or assets to trustees for the benefit of all its creditors is deemed void under Clause 330 of the Companies Bill, 2011. This provision applies to every mode of winding up, ensuring that such transfers are not recognized legally, thereby protecting the interests of creditors during the company's liquidation process.
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