Central Cash Book procedures ensure accurate liquidation cash management and monthly reconciliation and verification of receipts, payments and vouchers. The Central Cash Book is the consolidated register for all liquidations under the Company Liquidator; it requires chronological recording of receipts and payments with full particulars, immediate entry of cash and cheques under Cash or Bank, reversal of dishonoured cheques, and separate challans per company for bank remittances. Payments require consecutively numbered vouchers and machine-numbered receipts; trading and dividend aggregates are entered as prescribed. Daily balancing, monthly cash verification and personal attestation by the Liquidator, monthly bank reconciliation, and a monthly consolidated balance tally with certification are mandatory.
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Provisions expressly mentioned in the judgment/order text.
Central Cash Book procedures ensure accurate liquidation cash management and monthly reconciliation and verification of receipts, payments and vouchers.
The Central Cash Book is the consolidated register for all liquidations under the Company Liquidator; it requires chronological recording of receipts and payments with full particulars, immediate entry of cash and cheques under Cash or Bank, reversal of dishonoured cheques, and separate challans per company for bank remittances. Payments require consecutively numbered vouchers and machine-numbered receipts; trading and dividend aggregates are entered as prescribed. Daily balancing, monthly cash verification and personal attestation by the Liquidator, monthly bank reconciliation, and a monthly consolidated balance tally with certification are mandatory.
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