Form No. 159 - Statement of unclaimed dividends or undistributed assets paid under section 555(1) and (2), into the Companies Liquidation Account in the Reserve Bank of India [to be furnished under section 555(3)]

Guidelines for Filing Unclaimed Dividends or Assets in Liquidation Account under Section 555 of Companies Law, 1959

The procedure for submitting a statement of unclaimed dividends or undistributed assets paid into the Companies Liquidation Account at the Reserve Bank of India, as required under section 555 of the Companies Law and Company Court Rules, 1959. It requires details such as the name of the company, nature of the proceedings, commencement date of winding-up, and payment date into the liquidation account. It lists particulars of unclaimed dividends and undistributed assets, including creditor or contributory details, dividend or return rates, and total amounts paid. The form is signed by the liquidator and details the total amounts paid under both categories.