Unclaimed dividends: liquidator must realise investments and pay proceeds into Companies Liquidation Account without delay. Invested or deposited money held by a liquidator is deemed to be money in his hands for unclaimed dividends and undistributed assets; when such funds form part of unclaimed dividends or undistributed assets the liquidator must realise the investment or withdraw the deposit and pay the proceeds into the Companies Liquidation Account.
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.
Unclaimed dividends: liquidator must realise investments and pay proceeds into Companies Liquidation Account without delay.
Invested or deposited money held by a liquidator is deemed to be money in his hands for unclaimed dividends and undistributed assets; when such funds form part of unclaimed dividends or undistributed assets the liquidator must realise the investment or withdraw the deposit and pay the proceeds into the Companies Liquidation Account.
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