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)
Company liquidator must give at least fifteen days notice of dividend declaration by specified advertisement and creditor notices. A company liquidator must give notice of declaration of a dividend not less than fifteen days before the payment date, by advertisement in newspapers as directed by the Tribunal and by sending to every person on the list of creditors by registered or speed post and electronic mode; the advertisement and creditor notice must be in Form WIN 89 and Form WIN 90 respectively.
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.
Company liquidator must give at least fifteen days notice of dividend declaration by specified advertisement and creditor notices.
A company liquidator must give notice of declaration of a dividend not less than fifteen days before the payment date, by advertisement in newspapers as directed by the Tribunal and by sending to every person on the list of creditors by registered or speed post and electronic mode; the advertisement and creditor notice must be in Form WIN 89 and Form WIN 90 respectively.
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