Claims for payment through Central Government: Registrar verification, liquidator report, indemnity bond and Registrar disbursement. Applications for recovery must be signed by the claimant or an attorney and accompanied by the prescribed treasury challan. The Central Government sends the application to the Registrar of Companies for verification of entitlement and to check for pending court applications. The Central Government may direct the Registrar to obtain a liquidator's report if the company is not finally wound up. Where title is established, the Government issues a payment order after any required indemnity bond is executed; a prescribed small-amount threshold permits payment without bond. The claimant collects payment from the Registrar on a stamped receipt signed by two witnesses, and the Registrar records the payment.
Cases where this provision is explicitly mentioned in the judgment/order text; may not be exhaustive. To view the complete list of cases mentioning this section, Click here.
Provisions expressly mentioned in the judgment/order text.
Claims for payment through Central Government: Registrar verification, liquidator report, indemnity bond and Registrar disbursement.
Applications for recovery must be signed by the claimant or an attorney and accompanied by the prescribed treasury challan. The Central Government sends the application to the Registrar of Companies for verification of entitlement and to check for pending court applications. The Central Government may direct the Registrar to obtain a liquidator's report if the company is not finally wound up. Where title is established, the Government issues a payment order after any required indemnity bond is executed; a prescribed small-amount threshold permits payment without bond. The claimant collects payment from the Registrar on a stamped receipt signed by two witnesses, and the Registrar records the payment.
Full Summary is available for active users!
Note: It is a system-generated summary and is for quick reference only.