Investment of Official Liquidator Funds: court approval permits depositing surplus company funds in nationalised banks. Surplus moneys of an official liquidator not immediately required for winding up must be invested in government securities or held as interest bearing deposits in the designated State bank; deposits in other scheduled banks-including nationalised banks-are permissible with the prior approval of the court, and court approval may be obtained where convenient to deposit such surplus funds in nationalised banks in the official liquidator's name for the company concerned.