https://www.taxtmi.com/acts?id=17581 The Tribunal must settle a list of contributories, rectify the register of members where required, and apply company assets to discharge debts, liabilities and winding up costs; it may dispense with settling the list if adjustment of contributory rights is unnecessary. The Tribunal shall distinguish contributories in their own right from those liable as representatives and must include current and certain former members subject to conditions: exemption for those who ceased membership one year or more before winding up, no liability for debts contracted after cessation, reliance on present members' inability to contribute, and contribution caps for companies limited by shares or by guarantee. en-us Sat, 02 Mar 2013 14:53:54 +0530 Fri, 12 Dec 2025 16:07:13 +0530 TaxTMI RSS Generator https://www.taxtmi.com/acts?id=17581 The Tribunal must settle a list of contributories, rectify the register of members where required, and apply company assets to discharge debts, liabilities and winding up costs; it may dispense with settling the list if adjustment of contributory rights is unnecessary. The Tribunal shall distinguish contributories in their own right from those liable as representatives and must include current and certain former members subject to conditions: exemption for those who ceased membership one year or more before winding up, no liability for debts contracted after cessation, reliance on present members' inability to contribute, and contribution caps for companies limited by shares or by guarantee. Act-Rules Companies Law Sat, 02 Mar 2013 14:53:54 +0530 https://www.taxtmi.com/acts?id=17581