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
Expenses of sale: gross proceeds must be paid to the liquidator; sale charges paid to auctioneer under tribunal scales. Where company assets are sold by the Company Liquidator through an auctioneer or other agent, the gross proceeds of the sale shall be paid over to the ... Summary
Expenses of sale: gross proceeds must be paid to the liquidator; sale charges paid to auctioneer under tribunal scales.
Where company assets are sold by the Company Liquidator through an auctioneer or other agent, the gross proceeds of the sale shall be paid over to the liquidator by such auctioneer or agent unless the Tribunal otherwise orders, and the charges and expenses connected with the sale shall afterwards be paid to such auctioneer or agent in accordance with scales, if any, fixed by the Tribunal.
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