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)
Payments into Bank: produce the order or liquidator endorsed challan, notify the liquidator and provide the bank receipt. When the Tribunal orders a person to pay money into the special bank account maintained by the Company Liquidator, the payer must produce to the bank a certified copy of the order or a payment challan endorsed by the Company Liquidator under his signature, give notice of the payment to the Company Liquidator, and produce the bank receipt to the Company Liquidator.
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.
Payments into Bank: produce the order or liquidator endorsed challan, notify the liquidator and provide the bank receipt.
When the Tribunal orders a person to pay money into the special bank account maintained by the Company Liquidator, the payer must produce to the bank a certified copy of the order or a payment challan endorsed by the Company Liquidator under his signature, give notice of the payment to the Company Liquidator, and produce the bank receipt to the Company Liquidator.
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