Section-323: Costs of Voluntary Winding Up.

Costs of Voluntary Winding Up.

323.1[Omitted] 

Amendment 

1.   (a) Omitted  by Insolvency and Bankruptcy Code, 2016 Dated 15th November, 2016.

    Original Content:

    323. All costs, charges and expenses properly incurred in the winding up, including the fee of the Company Liquidator, shall, subject to the rights of secured creditors, if any, be payable out of the assets of the company in priority to all other claims.

    (b) The MCA Notification No. F.O. 3453(E) Dated 15th November, 2016, enforcing the related sections of Insolvency and Bankruptcy Code, 2016.