Official Liquidator duty to deposit company liquidation receipts into the public account ensures statutory remittance into the Reserve Bank. Every Official Liquidator, as liquidator of any company, shall pay the moneys received by him into the public account of India in the Reserve Bank of India in such manner and at such times as may be prescribed, imposing a statutory obligation to remit liquidation receipts to the public account in accordance with prescribed procedure.
Cases where this provision is explicitly mentioned in the judgment/order text; may not be exhaustive. To view the complete list of cases mentioning this section, Click here.
Provisions expressly mentioned in the judgment/order text.
Official Liquidator duty to deposit company liquidation receipts into the public account ensures statutory remittance into the Reserve Bank.
Every Official Liquidator, as liquidator of any company, shall pay the moneys received by him into the public account of India in the Reserve Bank of India in such manner and at such times as may be prescribed, imposing a statutory obligation to remit liquidation receipts to the public account in accordance with prescribed procedure.
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