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of <h1>Rule 86 mandates Company Liquidators invest surplus funds in government securities or bank deposits and report to Tribunal.</h1> Rule 86 of the Companies (Winding Up) Rules, 2020, mandates that surplus funds held by a Company Liquidator, which are not immediately needed for winding up, must be invested in government securities or interest-bearing deposits in a scheduled bank under the company's name. The Company Liquidator is responsible for regularly monitoring these investments and submitting detailed reports to the Tribunal. Upon maturity of a fixed deposit, the Liquidator must perform due diligence to find potentially higher interest rates at other banks and report findings to the Tribunal, seeking approval to reinvest if better rates are available.
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