Declaration of dividend requires advance notice by Official Liquidator via advertisement and prepaid letters to creditors. The Official Liquidator must give notice of the declaration of dividend not less than one month prior to payment, by advertisement in newspapers as directed by the Judge and by sending a prepaid, certified-post letter to every person named in the creditors' list; the advertisement and creditor notice are in Form No. 137 and Form No. 138.
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.
Declaration of dividend requires advance notice by Official Liquidator via advertisement and prepaid letters to creditors.
The Official Liquidator must give notice of the declaration of dividend not less than one month prior to payment, by advertisement in newspapers as directed by the Judge and by sending a prepaid, certified-post letter to every person named in the creditors' list; the advertisement and creditor notice are in Form No. 137 and Form No. 138.
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