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        Companies Law

        Rule 326 - Investment of surplus funds.

        Company Court Rules, 1959
        Chapter 01

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        Investment of surplus funds: liquidators must place non required liquidation monies in secure government, trust securities, or bank deposits. The liquidator must invest monies not immediately required for the liquidation account in government or trust securities or in interest-bearing deposits with a scheduled bank, and the general investment rules apply mutatis mutandis to investments made in voluntary windings-up.
                        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.

                            Investment of surplus funds: liquidators must place non required liquidation monies in secure government, trust securities, or bank deposits.

                            The liquidator must invest monies not immediately required for the liquidation account in government or trust securities or in interest-bearing deposits with a scheduled bank, and the general investment rules apply mutatis mutandis to investments made in voluntary windings-up.


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