Are shareholders or contributories of wound-up companies required to file their claims for return of contributories with the liquidator?

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Accepted Answer

No, shareholders or contributories need not file a proof of debt against the wound-up company to make a claim on their share capital. Where there are surplus funds after the liquidator pays all expenses of liquidation and dividends to creditors, the balance amount will be distributed to the shareholders according to the proportion of their contribution in the company's share capital.

Are shareholders or contributories of wound-up companies required to file their claims for return of contributories with the liquidator?

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