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of <h1>Official Liquidators Must Open Approved Ledger Account at Reserve Bank per Companies (Official Liquidator's Account) Rules, 1965.</h1> Every official liquidator is required to open a personal ledger account, known as the 'Official Liquidator's Account,' with the approval of the Central Government. This account must be established at the nearest branch or agency of the Reserve Bank. The account serves as a combined account for all companies under the liquidator's charge, as stipulated by the Companies (Official Liquidator's Account) Rules, 1965.
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