Corporate Voluntary Liquidation Account centralises unclaimed liquidation proceeds; Board-controlled verification and release govern stakeholder withdrawals. The regulation requires liquidators to deposit unclaimed dividends and undistributed liquidation proceeds, plus income earned, into the Corporate Voluntary Liquidation Account and to furnish evidence and a stakeholder statement; the Board may release amounts to verified claimants (pre or post dissolution) on verification, maintain a corporate-wise ledger, nominate an Executive Director as custodian for withdrawals, audit accounts annually, and transfer amounts unclaimed for fifteen years to the Consolidated Fund of India.