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
Notice for proving debts: Liquidator must fix a date and give short public and personal notice to creditors. The Company Liquidator must, within a specified period after the winding up order, fix a day and give fourteen day notice to creditors to prove debts or ... Summary
Notice for proving debts: Liquidator must fix a date and give short public and personal notice to creditors.
The Company Liquidator must, within a specified period after the winding up order, fix a day and give fourteen day notice to creditors to prove debts or claims and establish priority; notice is required by advertisement in Form No. WIN 43 in an English daily and a regional daily where the registered office is situated and by permitted modes of communication to creditors and preferential creditors named in the statement of affairs or otherwise known to the liquidator at their last known addresses. Rules for admission or rejection of proofs apply to preferential priority claims with necessary variations.
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