BODIES CORPORATE (OFFICIAL LIQUIDATIONS) ACT - 1963 (ACT 180)

Section - 46 - Distribution to Members

Subject to the provisions of this Act, the property of a company shall, on its official winding up, be applied in satisfaction of its liabilities pari passu, and, subject to such application, shall, unless the Regulations of the company otherwise provide, be distributed among the members according to their rights and interests in the company.