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)
Authority to pay dividend: written authorization may be lodged with the liquidator to direct payment to a named third party. A person entitled to a dividend may lodge with the Company Liquidator a written authority directing payment of that dividend to a named third party; the authorization must be in Form WIN 91 and be lodged with 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.
Authority to pay dividend: written authorization may be lodged with the liquidator to direct payment to a named third party.
A person entitled to a dividend may lodge with the Company Liquidator a written authority directing payment of that dividend to a named third party; the authorization must be in Form WIN 91 and be lodged with the Company Liquidator.
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