Official Liquidator remittance to public account: monies received must be paid into India's public account at the Reserve Bank. Every Official Liquidator must pay monies received as Official Liquidator of any company into the public account of India, in the manner and at the times as may be prescribed, as a mandatory component of the winding up process.
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Provisions expressly mentioned in the judgment/order text.
Official Liquidator remittance to public account: monies received must be paid into India's public account at the Reserve Bank.
Every Official Liquidator must pay monies received as Official Liquidator of any company into the public account of India, in the manner and at the times as may be prescribed, as a mandatory component of the winding up process.
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