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of <h1>Liquidators Must Deposit Unclaimed Dividends and Proceeds Per Regulation 39(5) of 2017 Insolvency Regulations to Protect Stakeholders.</h1> Regulation 39(5) of the Insolvency and Bankruptcy Board of India (Voluntary Liquidation Process) Regulations, 2017, mandates the deposit of unclaimed dividends and undistributed proceeds during the voluntary liquidation process. This regulation requires liquidators to handle unclaimed financial assets by depositing them in accordance with specified procedures to ensure proper management and eventual distribution. This statutory provision aims to safeguard the interests of creditors and stakeholders by ensuring that funds are appropriately accounted for and remain accessible for rightful claims.
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