The Indian Companies Act 1882, 6 of 1882, (Rep., Act 1 of 1956)

Section 188. All costs, charges and expenses properly incurred in the voluntary winding-up of a Company, includin

Repealed or not in force · As amended up to 2026-08

188. All costs, charges and expenses properly incurred in the voluntary winding-up of a Company, including the remuneration of the liquidators, shall be payable out of the assets of the Company in priority to all other claims. Saving of rights of creditors.

Source: India Code