Just a moment...
Press 'Enter' to add multiple search terms. Rules for Better Search
No Folders have been created
Are you sure you want to delete "My most important" ?
NOTE:
Don't have an account? Register Here
<h1>Circular Clarifies Fee Crediting Procedures under Companies (Court) Rules 1959, Emphasizes Timely Auditing and Accurate Records.</h1> The circular clarifies the procedure for crediting fees to the Central Government under rule 291 of the Companies (Court) Rules, 1959, in conjunction with rule 286. It mandates that fees must be credited promptly after realizations or disbursements to ensure accurate audited accounts. The official liquidator must maintain a register of these transactions using Form No. 142Q. The circular acknowledges differences in fee calculations based on half-yearly versus yearly realizations but emphasizes the official liquidator's dual responsibility to creditors and the Central Government. The practice followed by the official liquidator in Jodhpur is deemed correct.