Withdrawals by official liquidator: funds must be drawn from Reserve Bank; payments above a prescribed cash limit require cheque. The rule requires that all moneys needed by the official liquidator for meeting liquidation expenses and cash payments be withdrawn from the Reserve Bank, ... Summary
Withdrawals by official liquidator: funds must be drawn from Reserve Bank; payments above a prescribed cash limit require cheque.
The rule requires that all moneys needed by the official liquidator for meeting liquidation expenses and cash payments be withdrawn from the Reserve Bank, and that any individual payment exceeding a small cash threshold must be made by cheque drawn against the official liquidator's Reserve Bank account.
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