Unclaimed dividends and undistributed proceeds in voluntary liquidation require Form-G deposit details, stakeholder particulars, and liquidator certification. Deposit of unclaimed dividends and undistributed proceeds in the voluntary liquidation process is documented through Form-G under the prescribed regulation. The form records the corporate person's particulars, the commencement of voluntary liquidation, the amount deposited into the Corporate Voluntary Liquidation Account, the source bank account, and the break-up of the deposit, including income earned and interest for delayed retention. It also requires stakeholder details, tax deduction information, and a certification by the liquidator confirming the deposit and the accuracy of the particulars furnished.
Cases where this provision is explicitly mentioned in the judgment/order text; may not be exhaustive. To view the complete list of cases mentioning this section, Click here.
Provisions expressly mentioned in the judgment/order text.
Unclaimed dividends and undistributed proceeds in voluntary liquidation require Form-G deposit details, stakeholder particulars, and liquidator certification.
Deposit of unclaimed dividends and undistributed proceeds in the voluntary liquidation process is documented through Form-G under the prescribed regulation. The form records the corporate person's particulars, the commencement of voluntary liquidation, the amount deposited into the Corporate Voluntary Liquidation Account, the source bank account, and the break-up of the deposit, including income earned and interest for delayed retention. It also requires stakeholder details, tax deduction information, and a certification by the liquidator confirming the deposit and the accuracy of the particulars furnished.
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