Deposit of negotiable instruments: Official Liquidator must lodge company bills, cheques and securities with the bank for payment and credit. All bills, cheques, hundies, notes and other similar securities payable to the company or to the Official Liquidator must, upon coming into the Official ... Summary
Deposit of negotiable instruments: Official Liquidator must lodge company bills, cheques and securities with the bank for payment and credit.
All bills, cheques, hundies, notes and other similar securities payable to the company or to the Official Liquidator must, upon coming into the Official Liquidator's hands, be deposited by him with the bank for presentation for acceptance and/or payment, and the realised proceeds are to be credited by the bank to the Official Liquidator's account.
Full Summary is available for active users!
Note: It is a system-generated summary and is for quick reference only.
TaxTMI 
of 1
Join Channel
TaxTMI 
