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)
Notice for proving debts: Liquidator must fix a date and give short public and personal notice to creditors. The Company Liquidator must, within a specified period after the winding up order, fix a day and give fourteen day notice to creditors to prove debts or claims and establish priority; notice is required by advertisement in Form No. WIN 43 in an English daily and a regional daily where the registered office is situated and by permitted modes of communication to creditors and preferential creditors named in the statement of affairs or otherwise known to the liquidator at their last known addresses. Rules for admission or rejection of proofs apply to preferential priority claims with necessary variations.
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.
Notice for proving debts: Liquidator must fix a date and give short public and personal notice to creditors.
The Company Liquidator must, within a specified period after the winding up order, fix a day and give fourteen day notice to creditors to prove debts or claims and establish priority; notice is required by advertisement in Form No. WIN 43 in an English daily and a regional daily where the registered office is situated and by permitted modes of communication to creditors and preferential creditors named in the statement of affairs or otherwise known to the liquidator at their last known addresses. Rules for admission or rejection of proofs apply to preferential priority claims with necessary variations.
Full Summary is available for active users!
Note: It is a system-generated summary and is for quick reference only.
TaxTMI 
of 
Join Channel
TaxTMI 
