PAYMENT OF UNCLAIMED DIVIDENDS OR UNDISTRIBUTED ASSETS INTO THE COMPANY LIQUIDATION DIVIDEND AND UNDISTRIBUTED ASSETS ACCOUNT IN A WINDING UP (From Rule 179 to Rule 182)
Winding-up petitions require tribunal admission, directions on advertisements and service, possible company notice, and petitioner pays advertisement costs. Rule 5 requires that upon filing a winding-up petition it be posted before the tribunal for admission, fixing a hearing date, and directions as to publication of any advertisement and persons to be served. If the petitioner is not the company, the tribunal may direct notice to the company and give it an opportunity to be heard before ordering advertisement directions. The petitioner must bear the costs of any advertisement.
Cases where this provision is explicitly mentioned in the judgment/order text; may not be exhaustive. To view the complete list of cases mentioning this section, Click here.
Provisions expressly mentioned in the judgment/order text.
Winding-up petitions require tribunal admission, directions on advertisements and service, possible company notice, and petitioner pays advertisement costs.
Rule 5 requires that upon filing a winding-up petition it be posted before the tribunal for admission, fixing a hearing date, and directions as to publication of any advertisement and persons to be served. If the petitioner is not the company, the tribunal may direct notice to the company and give it an opportunity to be heard before ordering advertisement directions. The petitioner must bear the costs of any advertisement.
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