Deposit of unclaimed dividends: liquidator must deposit funds into the corporate liquidation account and certify particulars. Form I requires the liquidator to deposit unclaimed dividends and undistributed proceeds into the Corporate Liquidation Account, specifying corporate ... Summary
Deposit of unclaimed dividends: liquidator must deposit funds into the corporate liquidation account and certify particulars.
Form I requires the liquidator to deposit unclaimed dividends and undistributed proceeds into the Corporate Liquidation Account, specifying corporate debtor identification, CIRP and liquidation commencement dates, deposit date and amount, source bank details, and a breakdown of amounts including income and interest. It mandates a stakeholder schedule with identification, amounts due, tax deduction particulars and reasons for non-payment, and a signed liquidator certification confirming accuracy of the deposited particulars and supporting information.
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