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Companies Law - Highlights / Catch Notes

Home Highlights November 2022 Year 2022 This

Transfer of shares before liquidation - company in liquidation ...

Companies Law

November 24, 2022

Transfer of shares before liquidation - company in liquidation was ordered to be wound up - The validation of which is sought, have been entered into being fully cognizant of the prohibition in law. No element of benefit to the company in liquidation is manifest, even remotely. In the circumstances, the Court cannot give its imprimatur to such transactions. - HC

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