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Liquidator prohibition on private banking deposits prevents placing company liquidation funds into private accounts. A statutory prohibition requires that neither the Official Liquidator nor the Company Liquidator shall place any monies received in their official capacity into private banking accounts; this applies in the context of winding up and governs handling of company funds to prevent commingling with private accounts.
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.
<h1>Liquidator prohibition on private banking deposits prevents placing company liquidation funds into private accounts.</h1> A statutory prohibition requires that neither the Official Liquidator nor the Company Liquidator shall place any monies received in their official capacity into private banking accounts; this applies in the context of winding up and governs handling of company funds to prevent commingling with private accounts.
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