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of <h1>Official Liquidator Must Deposit Company Securities in Reserve Bank; Charges Deducted from Payer as per Regulations.</h1> All bills, cheques, hundies, notes, and similar securities payable to a company under the official liquidator's charge must be deposited by the liquidator in the Reserve Bank upon receipt. These are to be presented for acceptance and payment, or solely for payment. Once realized, the proceeds are credited to the relevant account, and the official liquidator is notified. Any discounts, bank charges, or other deductions incurred during realization are recoverable from the payer.
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