Authority to pay dividends to a nominated third party via a signed, witnessed authorization form ensuring recipient receipt discharges liquidator. A standardized authorization under the Companies Law directing the company liquidator to pay a declared dividend to a designated third party, requiring the payee's identification and specimen signature, attestation by witnesses to the authorising signature and specimen signature, execution date and address, and specifying that the recipient's receipt will be a sufficient discharge to the liquidator.
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.
Authority to pay dividends to a nominated third party via a signed, witnessed authorization form ensuring recipient receipt discharges liquidator.
A standardized authorization under the Companies Law directing the company liquidator to pay a declared dividend to a designated third party, requiring the payee's identification and specimen signature, attestation by witnesses to the authorising signature and specimen signature, execution date and address, and specifying that the recipient's receipt will be a sufficient discharge to the liquidator.
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