Company when deemed unable to pay its debts.

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..... on the company, by causing it to be delivered at its registered office, by registered post or otherwise, a demand under his hand requiring the company to pay the sum so due and the company has for three weeks thereafter neglected to pay the sum, or to secure or compound for it to the reasonable satisfaction of the creditor; (b) if execution or other process issued on a decree or order of a .....

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..... Substituted for "five hundred rupees" by the Companies (Second Amendment) Act, 2002, w.e.f a date yet to be notified. [2] Inserted by the Companies (Second Amendment) Act, 2002. [3] Substituted for "Court" by the Companies (Second Amendment) Act, 2002. [4] Substituted for "Court" by the Companies (Second Amendment) Act, 2002. - - statute, statutory provisions legislation, law, enac .....

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