Company Liquidator Final Account: balance and unclaimed dividends to be recorded and paid into the liquidation dividend account. Form WIN 41 prescribes the Company Liquidator's Final Account, requiring detailed records of realisations and disbursements, an Analysis of Balance (cash in hand, bank receipts and withdrawals), and a proposal to pay the balance into the Company Liquidation Dividend and Undistributed Assets Account in a scheduled bank. The accompanying liquidator's report must list assets realised and unrealisable with reasons, classify liabilities (secured, preferential, debenture holders with floating charges, unsecured, returns to contributories), disclose winding-up expenses, and provide particulars of unclaimed dividends and undistributed assets paid into or pending payment into the liquidation dividend account.
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.
Company Liquidator Final Account: balance and unclaimed dividends to be recorded and paid into the liquidation dividend account.
Form WIN 41 prescribes the Company Liquidator's Final Account, requiring detailed records of realisations and disbursements, an Analysis of Balance (cash in hand, bank receipts and withdrawals), and a proposal to pay the balance into the Company Liquidation Dividend and Undistributed Assets Account in a scheduled bank. The accompanying liquidator's report must list assets realised and unrealisable with reasons, classify liabilities (secured, preferential, debenture holders with floating charges, unsecured, returns to contributories), disclose winding-up expenses, and provide particulars of unclaimed dividends and undistributed assets paid into or pending payment into the liquidation dividend account.
Full Summary is available for active users!
Note: It is a system-generated summary and is for quick reference only.
TaxTMI 
of 
Join Channel
TaxTMI 
