Section 323 of the Companies Act, 2013: Costs of voluntary winding up

The Companies Act, 2013

Chapter– XX Winding Up 

Part II- Voluntary Winding Up 

Section 323: Costs of voluntary winding up.

323. 1[Omitted]


Reference

1. Omitted by the Eleventh Schedule (Sec. 255) to the Insolvency and Bankruptcy Code, 2016, w.e.f. 15.11.2016[S.O. 3453(E) dated 15.11.2016]. Prior to omission, the section stood as under:

“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.”


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