Central Cash Book maintenance: strict chronological recording, voucher controls, cash verification and monthly bank reconciliation enforced. The Central Cash Book must record all day-to-day receipts and payments administered by the official liquidator chronologically with detailed particulars; cash and cheques entered under Cash or Bank as received; transfers and dishonoured cheques reflected by corresponding or reversal entries; remittances made under separate company challans; vouchers and receipts consecutively numbered; trading account and dividend posting subject to summarised entries and separate registers. Cash books must be machine-paginated, interpolations attested, balanced daily, cash verified daily and monthly, bank reconciled monthly with Reserve Bank statements, and consolidated balances certified to agree with individual company accounts monthly.
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Provisions expressly mentioned in the judgment/order text.
Central Cash Book maintenance: strict chronological recording, voucher controls, cash verification and monthly bank reconciliation enforced.
The Central Cash Book must record all day-to-day receipts and payments administered by the official liquidator chronologically with detailed particulars; cash and cheques entered under Cash or Bank as received; transfers and dishonoured cheques reflected by corresponding or reversal entries; remittances made under separate company challans; vouchers and receipts consecutively numbered; trading account and dividend posting subject to summarised entries and separate registers. Cash books must be machine-paginated, interpolations attested, balanced daily, cash verified daily and monthly, bank reconciled monthly with Reserve Bank statements, and consolidated balances certified to agree with individual company accounts monthly.
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