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of <h1>Official Liquidators Must Use Cheques for Payments Over Rs. 50, Drawn from Reserve Bank Account</h1> All funds needed by the official liquidator to cover expenses or make cash payments related to the liquidation of a company under their management must be withdrawn from the Reserve Bank using cheques. Any payment exceeding Rs. 50 made by the official liquidator must be executed via a cheque drawn against this account.
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