Investment of surplus funds: Liquidator may invest in government securities or scheduled bank deposits with tribunal sanction. Surplus monies held by the Liquidator not immediately required for winding up must be invested in government securities or interest bearing deposits in ... Summary
Investment of surplus funds: Liquidator may invest in government securities or scheduled bank deposits with tribunal sanction.
Surplus monies held by the Liquidator not immediately required for winding up must be invested in government securities or interest bearing deposits in the designated scheduled bank, or, with the previous sanction of the Tribunal, in deposits in any other scheduled bank in the name of the Liquidator for the LLP, and the Tribunal may direct alternative investment methods where the liquidator is from the panel.
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