PAYMENT OF UNCLAIMED DIVIDENDS OR UNDISTRIBUTED ASSETS INTO THE COMPANY LIQUIDATION DIVIDEND AND UNDISTRIBUTED ASSETS ACCOUNT IN A WINDING UP (From Rule 179 to Rule 182)
Registers and books maintenance required for company liquidators, with trading accounts verified monthly and vouchers serially numbered and retained. The Company Liquidator must maintain prescribed registers and books in specified forms for winding-up, follow the forms' instructions, keep additional office registers as necessary, complete any incomplete company accounts promptly, retain serially numbered vouchers for all payments and expenses, and-if authorised to carry on the company's business-keep separate trading books, record weekly trading totals in the cash books, obtain monthly affidavit verification of the trading account, and submit it for advisory committee examination and certification.
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.
Registers and books maintenance required for company liquidators, with trading accounts verified monthly and vouchers serially numbered and retained.
The Company Liquidator must maintain prescribed registers and books in specified forms for winding-up, follow the forms' instructions, keep additional office registers as necessary, complete any incomplete company accounts promptly, retain serially numbered vouchers for all payments and expenses, and-if authorised to carry on the company's business-keep separate trading books, record weekly trading totals in the cash books, obtain monthly affidavit verification of the trading account, and submit it for advisory committee examination and certification.
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