Hi friends, Please help me to clear the following doubts related to Law:
1) Sec 528 and 529. What do these sections state?Is it as follows:
Sec 528: In the event of winding up , that debts are payable only if proved.
Is this proof required only in case of insolvent Co's ?
OR
Is the proof required in case of all liablities whether solvent/insolvent Co?
Sec 529 : The section is stating provisions regarding " realisation of security by creditor" ?Please explain this?
2)Sec 283: Vacation of office .Is it applicable only to public Co OR even to private Co?
Please help me as fast as possible.
Thanks and regards,
Annmary