Suspense register requirement ensures company-wise recording of advances to and from the official liquidator, with separate entries per person. Suspense Register (Form No. 142R) requires a company-specific ledger to record advances made by or to the Official Liquidator, showing date, particulars, debit, credit and balance, and mandates a separate opening for each person so advances to and from the Official Liquidator are individually traceable.
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Provisions expressly mentioned in the judgment/order text.
Suspense register requirement ensures company-wise recording of advances to and from the official liquidator, with separate entries per person.
Suspense Register (Form No. 142R) requires a company-specific ledger to record advances made by or to the Official Liquidator, showing date, particulars, debit, credit and balance, and mandates a separate opening for each person so advances to and from the Official Liquidator are individually traceable.
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