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The Companies Act, 2013

Chapter XX - Winding Up (270 - 365)

Section 297- Adjustment of rights of contributories.

Section 297 notified with effect from 15.12.2016 vide S.O. 3676 (E) dated 07.12.2016]

Section 297- Adjustment of rights of contributories. [Corresponds to Section 475 of the Companies Act, 1956]

The Tribunal shall adjust the rights of the contributories among themselves and distribute any surplus among the persons entitled thereto.