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
Dividend declarations in tribunal winding-up require tribunal sanction before a liquidator may pay creditors or return capital. No dividend to creditors or return of capital to contributories may be declared by the Company Liquidator in a winding-up by tribunal without the prior ... Summary
Dividend declarations in tribunal winding-up require tribunal sanction before a liquidator may pay creditors or return capital.
No dividend to creditors or return of capital to contributories may be declared by the Company Liquidator in a winding-up by tribunal without the prior sanction of the Tribunal, making tribunal approval a prerequisite before the liquidator effects any payment or distribution.
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