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The Companies Act, 1956

Winding Up (Section 425 to 560)

Section 471 Payment into bank of moneys due to company.

Section 471 Payment into bank of moneys due to company.

(1) The Tribunal may order any contributory, purchaser or other person from whom any money is due to the company to pay the money into the public account of India in the Reserve Bank of India instead of to the liquidator.

(2) Any such order may be enforced in the same manner as if the Tribunal had directed payment to the liquidator.