Chartered Accountants · Kolkata · Since 2007 +91 98305 33138gaurav@ggoenka.com

390. INTERPRETATION OF SECTIONS 391 AND 393

In sections 391 and 393, -

(a) the expression "company" means any company liable to be wound up under this Act ;

(b) the expression "arrangement" includes a re-organisation of the share capital of the company by the consolidation of shares of different classes, or by the division of shares into shares of different classes or, by both those methods ; and

(c) unsecured creditors who may have filed suits or obtained decrees shall be deemed to be of the same class as other unsecured creditors.

Reference copy from the firm’s resource library, saved on 26 October 2026. Laws, rates and notifications change — for the current position on your matter, please talk to us. Back to the Knowledge Bank.