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Section 297: Adjustment of rights of contributories

Companies Act, 2013 · Chapter XX: Winding Up · In force

This section is for adjusting the rights of contributories and distributing any surplus among entitled persons.

The section, clause by clause

What the section says
In plain terms
The Tribunal shall adjust the rights of the contributories among themselves and distribute any surplus among the persons entitled thereto.

The right-hand column is written from the section text, not quoted from it, and it has no legal force. Where the two differ, the left-hand column is the law.

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Reproduced from the official India Code print for reference. Check the current text on India Code before you rely on it, and read the section alongside its Rules. Nothing here is legal advice.