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of <h1>Key Terms in Voluntary Liquidation: Contributory, Liquidation Commencement Date, and Stakeholders Explained Per 2017 Regulations</h1> The Insolvency and Bankruptcy Board of India (Voluntary Liquidation Process) Regulations, 2017, defines key terms related to voluntary liquidation. The 'Code' refers to the Insolvency and Bankruptcy Code, 2016. A 'contributory' is a member or partner liable for a company's assets during liquidation. The 'Corporate Voluntary Liquidation Account' is maintained by the Board. The 'liquidation commencement date' is when liquidation proceedings start. 'Registrar' refers to authorities under relevant company laws. 'Section' pertains to the Code's sections, and 'stakeholders' are those entitled to liquidation proceeds. Terms undefined here but defined in the Code retain their Code-assigned meanings.
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