Rule 180 - Unclaimed dividends or undistributed assets under investment
Companies (Winding Up) Rules, 2020 PAYMENT OF UNCLAIMED DIVIDENDS OR UNDISTRIBUTED ASSETS INTO THE COMPANY LIQUIDATION DIVIDEND AND UNDISTRIBUTED ASSETS ACCOUNT IN A WINDING UP
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Unclaimed dividends: invested or deposited funds must be realised and paid into the liquidation dividend and undistributed assets account. Unclaimed dividends and undistributed assets invested or deposited at interest by the liquidator are deemed to be money in his hand; when such funds form ... Summary
Unclaimed dividends: invested or deposited funds must be realised and paid into the liquidation dividend and undistributed assets account.
Unclaimed dividends and undistributed assets invested or deposited at interest by the liquidator are deemed to be money in his hand; when such funds form part of unclaimed dividends or undistributed assets, the liquidator shall realise the investment or withdraw the deposit and pay the proceeds into the Company Liquidation Dividend and Undistributed Assets Account.
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