The Companies Act, 2013 Section 320 Distribution of property of company [Omitted] Chapter XX · Winding Up 320. [Distribution of property of company.] Omitted by s. 255 and the Eleventh Schedule, ibid. (w.e.f. 15-11-2016). Copy text 320. [Distribution of property of company.] Omitted by s. 255 and the Eleventh Schedule, ibid. (w.e.f. 15-11-2016).