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        Companies Law

        Rule 294 - Official Liquidator to examine the accounts for purposes of investment.

        Company Court Rules, 1959
        Chapter 01

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        Official Liquidator account review ensures surplus funds are assessed and recorded and reasons documented for non-investment. Duty to review liquidation accounts requires the Official Liquidator to examine each liquidation account at regular quarterly intervals to identify moneys available for investment and to record in the company's Record Book the examination, the investment decision, and reasons if no investment is made.
                          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 account review ensures surplus funds are assessed and recorded and reasons documented for non-investment.

                                Duty to review liquidation accounts requires the Official Liquidator to examine each liquidation account at regular quarterly intervals to identify moneys available for investment and to record in the company's Record Book the examination, the investment decision, and reasons if no investment is made.


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