Investment of surplus funds allowed in government securities or scheduled bank deposits; prior investment rules apply. Moneys in the liquidation account not immediately required for winding up must be invested by the LLP liquidator in Government securities or ... Summary
Investment of surplus funds allowed in government securities or scheduled bank deposits; prior investment rules apply.
Moneys in the liquidation account not immediately required for winding up must be invested by the LLP liquidator in Government securities or interest-bearing deposits in a Scheduled Bank; Rules 258 to 262 apply mutatis mutandis to such investments, importing their procedural and prudential safeguards.
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