VittSphere ONE Calculators Blog CA Prabhakar Kumar · FCA · ICAI 560762
Case law › Section 46(1)

Section 46(1)

What section 46(1) does, and where it sits. This library holds no authority that turns on it.

No authority in this library turns on Section 46(1). That is a statement about this library and not about the law: it means no judgment, circular or instruction held here decides a point under it. What the provision does is explained below. If you are looking for a decision on it, say so through the search box — a provision people search for and we hold nothing on is the most useful thing we can be told.

Explained in this library

What section 46(1) does, in plain English, before you read what the courts made of it.

Liquidation: the company is out of the charge, the shareholder is in it twice

Our company is being wound up and the shareholders will get cash and a property. Who pays what?