Liquidator payment obligation: unclaimed dividends and undistributed assets must be deposited and Registrar notified within fourteen days. On an order for dissolution the Official Liquidator shall forthwith pay into the Companies Liquidation Account in the public account of India at the Reserve Bank of India any unclaimed dividends, undistributed assets refundable to contributories, and other balances the Court directs; the Official Liquidator must send a certified copy of the dissolution order to the Registrar of Companies within fourteen days and file a signed statement that Court directions on application of the balance per his final account have been complied with.
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.
Liquidator payment obligation: unclaimed dividends and undistributed assets must be deposited and Registrar notified within fourteen days.
On an order for dissolution the Official Liquidator shall forthwith pay into the Companies Liquidation Account in the public account of India at the Reserve Bank of India any unclaimed dividends, undistributed assets refundable to contributories, and other balances the Court directs; the Official Liquidator must send a certified copy of the dissolution order to the Registrar of Companies within fourteen days and file a signed statement that Court directions on application of the balance per his final account have been complied with.
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