section 48
Powers and duties of liquidator
The Bombay Non-Trading Corporations Act, 1959General195968 sections
Statutory text
- (k) to fix the time or times within which creditors shall prove their debts and claims or be included for the benefit of any distribution made before those debts or claims are proved ;
- (l) to carry on the business of the corporation so far as may be necessary for the beneficial winding up of the same : Provided that no liquidator shall determine the contribution, debt or dues to be recovered from a member or a past member or the representative of a deceased member unless opportunity has been given to such member or past member or to such representative to answer the claim.
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