https://www.taxtmi.com/acts?id=12913 A company's assets on winding up are to be applied in satisfaction of its liabilities, subject to the statutory rule on preferential payments, and applied pari passu; subject to that application and unless the articles otherwise provide, remaining assets are to be distributed among the members according to their rights and interests in the company. en-us Tue, 17 May 2011 18:46:07 +0530 Tue, 17 May 2011 18:46:07 +0530 TaxTMI RSS Generator https://www.taxtmi.com/acts?id=12913 A company's assets on winding up are to be applied in satisfaction of its liabilities, subject to the statutory rule on preferential payments, and applied pari passu; subject to that application and unless the articles otherwise provide, remaining assets are to be distributed among the members according to their rights and interests in the company. Act-Rules Companies Law Tue, 17 May 2011 18:46:07 +0530 https://www.taxtmi.com/acts?id=12913