https://www.taxtmi.com/acts?id=12896 A liquidator, with sanction of a special resolution granting general or specific authority, may accept shares, policies or similar interests in a transferee company as compensation for transfer or sale of the transferor company's business or property, or arrange for members to share in profits or other benefits in lieu of cash. Such sales or arrangements bind members. Dissenting members who did not support the resolution may within seven days require the liquidator to refrain from effecting the resolution or to purchase their interest, with purchase money payable before dissolution and arbitrable under the Arbitration Act. en-us Tue, 17 May 2011 17:49:02 +0530 Tue, 17 May 2011 17:49:02 +0530 TaxTMI RSS Generator https://www.taxtmi.com/acts?id=12896 A liquidator, with sanction of a special resolution granting general or specific authority, may accept shares, policies or similar interests in a transferee company as compensation for transfer or sale of the transferor company's business or property, or arrange for members to share in profits or other benefits in lieu of cash. Such sales or arrangements bind members. Dissenting members who did not support the resolution may within seven days require the liquidator to refrain from effecting the resolution or to purchase their interest, with purchase money payable before dissolution and arbitrable under the Arbitration Act. Act-Rules Companies Law Tue, 17 May 2011 17:49:02 +0530 https://www.taxtmi.com/acts?id=12896