PAYMENT OF UNCLAIMED DIVIDENDS OR UNDISTRIBUTED ASSETS INTO THE COMPANY <BR> LIQUIDATION DIVIDEND AND UNDISTRIBUTED ASSETS ACCOUNT IN A WINDING UP - Companies (Winding Up) Rules, 2020
PAYMENT OF UNCLAIMED DIVIDENDS OR UNDISTRIBUTED ASSETS INTO THE COMPANY <BR> LIQUIDATION DIVIDEND AND UNDISTRIBUTED ASSETS ACCOUNT IN A WINDING UP - Companies (Winding Up) Rules, 2020
Company liquidation: liquidator must take custody of assets and books and may seek orders for non cooperation. On a winding up order the Company Liquidator must immediately take custody or control of all company properties, effects, actionable claims and books and ... Summary
Company liquidation: liquidator must take custody of assets and books and may seek orders for non cooperation.
On a winding up order the Company Liquidator must immediately take custody or control of all company properties, effects, actionable claims and books and papers, and persons in possession of company assets or records must deliver them to the liquidator; if required persons do not cooperate the liquidator may apply for an order directing those persons, including counterparties and auditors, to provide information and comply with the liquidator's instructions in collecting information and taking custody of assets and books of account.
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