Crediting of government fees must occur promptly after realisations so audited accounts and liquidator registers accurately reflect payments. Rule 291 read with rule 286 requires the official liquidator to credit fees to the Central Government at the earliest practicable date after realisations or disbursements so that audited accounts and the register for realisations and disbursements (maintained in Form No. 142Q) reflect those realisations/disbursements and the fees paid. Fees credited to the Government are subject to audit and must be shown in the half yearly audited statement of accounts prepared in the prescribed form, with entries made in the register in accordance with instruction No. 3 of Form No. 142Q.
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Provisions expressly mentioned in the judgment/order text.
Crediting of government fees must occur promptly after realisations so audited accounts and liquidator registers accurately reflect payments.
Rule 291 read with rule 286 requires the official liquidator to credit fees to the Central Government at the earliest practicable date after realisations or disbursements so that audited accounts and the register for realisations and disbursements (maintained in Form No. 142Q) reflect those realisations/disbursements and the fees paid. Fees credited to the Government are subject to audit and must be shown in the half yearly audited statement of accounts prepared in the prescribed form, with entries made in the register in accordance with instruction No. 3 of Form No. 142Q.
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