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        Companies Law

        Rule 4 - Opening of personal ledger account.

        Companies (Official Liquidator’s Account) Rules, 1965
        Chapter 01

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        Official Liquidator's Account requirement centralizes liquidation funds in a Reserve Bank personal ledger with government approval. An official liquidator shall, with Central Government approval, open a personal ledger at the nearest Reserve Bank branch called the Official Liquidator's Account, which shall be a combined account for all companies under his charge.
                          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's Account requirement centralizes liquidation funds in a Reserve Bank personal ledger with government approval.

                                An official liquidator shall, with Central Government approval, open a personal ledger at the nearest Reserve Bank branch called the Official Liquidator's Account, which shall be a combined account for all companies under his charge.


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