https://www.taxtmi.com/acts?id=17617 Section 320 has been omitted by later legislation. Formerly, it required that on winding up assets be applied to satisfy liabilities pari passu, subject to overriding preferential payments, and any remaining surplus be distributed among members according to their rights and interests unless the articles provided otherwise. en-us Sat, 02 Mar 2013 15:27:15 +0530 Fri, 12 Dec 2025 18:00:43 +0530 TaxTMI RSS Generator https://www.taxtmi.com/acts?id=17617 Section 320 has been omitted by later legislation. Formerly, it required that on winding up assets be applied to satisfy liabilities pari passu, subject to overriding preferential payments, and any remaining surplus be distributed among members according to their rights and interests unless the articles provided otherwise. Act-Rules Companies Law Sat, 02 Mar 2013 15:27:15 +0530 https://www.taxtmi.com/acts?id=17617