Sri Lanka Consolidated Acts

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Companies Act (No. 17 of 1982) - Sect 340

Power to order winding up subject to supervision

340. When a company has passed a resolution for voluntary winding up, the court may make an order that the voluntary winding up shall continue but subject to such supervision of the court, and with such liberty for creditors, contributories or others to apply to the court, and generally on such terms and conditions, as the court thinks just.


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