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of <h1>Official Liquidators Must Deposit Funds into RBI Public Account, Maintain Chalan Book for Acknowledgments as per Rule.</h1> All funds received by the Official Liquidator of any company must be deposited into the public account of India at the Reserve Bank of India, credited to an account in the Official Liquidator's name. Daily realizations must be deposited by the next working day unless they are below Rs. 100. Payments exceeding Rs. 50 should be made via cheques. The Official Liquidator must maintain a bank remittance chalan book with serially numbered counterfoils, obtaining acknowledgments from the bank for all deposits, with the chalan book format determined in consultation with the bank.
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