<?xml version="1.0" encoding="UTF-8"?>
<?xml-stylesheet type="text/xsl" href="https://www.taxtmi.com/rss_sitemap/rss_feed_blog.xsl?v=1750492856"?>
<rss version="2.0" xmlns:atom="http://www.w3.org/2005/Atom">
  <channel>
    <title>Payment of debts by contributory and extent of set-off</title>
    <link>https://www.taxtmi.com/acts?id=17592</link>
    <description>The Tribunal, after a winding up order, may require any contributory on the contributory list to pay amounts due to the company (excluding amounts payable as calls). The Tribunal may permit set off: in unlimited companies against sums from independent dealings (excluding dividends/profits); in limited companies for directors or managers with unlimited liability (or their estates). If all creditors are paid, any sums due to a contributory may be set off against later calls.</description>
    <language>en-us</language>
    <pubDate>Sat, 02 Mar 2013 15:01:16 +0530</pubDate>
    <lastBuildDate>Fri, 12 Dec 2025 16:36:04 +0530</lastBuildDate>
    <generator>TaxTMI RSS Generator</generator>
    <atom:link href="https://www.taxtmi.com/rss_feed_blog?id=254111" rel="self" type="application/rss+xml"/>
    <item>
      <title>Payment of debts by contributory and extent of set-off</title>
      <link>https://www.taxtmi.com/acts?id=17592</link>
      <description>The Tribunal, after a winding up order, may require any contributory on the contributory list to pay amounts due to the company (excluding amounts payable as calls). The Tribunal may permit set off: in unlimited companies against sums from independent dealings (excluding dividends/profits); in limited companies for directors or managers with unlimited liability (or their estates). If all creditors are paid, any sums due to a contributory may be set off against later calls.</description>
      <category>Act-Rules</category>
      <law>Companies Law</law>
      <pubDate>Sat, 02 Mar 2013 15:01:16 +0530</pubDate>
      <guid isPermaLink="true">https://www.taxtmi.com/acts?id=17592</guid>
    </item>
  </channel>
</rss>