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 ... Summary
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.
Full Summary is available for active users!
Note: It is a system-generated summary and is for quick reference only.