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of <h1>Liquidators Must Deposit Unclaimed Dividends in Liquidation Account per Regulation 39; Stakeholders Can Claim via Form-G.</h1> Regulation 39 of the Insolvency and Bankruptcy Board of India (Voluntary Liquidation Process) Regulations, 2017 mandates liquidators to deposit unclaimed dividends and undistributed proceeds into the Corporate Voluntary Liquidation Account. Liquidators must inform the Insolvency and Bankruptcy Board of India (IBBI) about stakeholders entitled to these amounts using Form-G. Stakeholders claiming entitlement to these funds before the corporate entity's dissolution can request withdrawal through the liquidator, who must apply to the IBBI for fund release. This process is governed by section 196 of the Insolvency and Bankruptcy Code, 2016.
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