https://www.taxtmi.com/acts?id=13544 All monies received by the Liquidator must be paid into the Public Account of India or a designated Scheduled Bank to the credit of an account in the Liquidator's official name, with daily realizations remitted without deduction by the next working day (allowing deferment until realizations exceed a small threshold). Payments out above that threshold are ordinarily by cheque, and the Tribunal may direct alternative arrangements for panel appointees. The Liquidator must keep a serially numbered remittance challan book and obtain bank acknowledgements for all deposits, with the form agreed with the Bank. en-us Thu, 26 May 2011 15:59:51 +0530 Wed, 26 Jun 2024 16:50:04 +0530 TaxTMI RSS Generator https://www.taxtmi.com/acts?id=13544 All monies received by the Liquidator must be paid into the Public Account of India or a designated Scheduled Bank to the credit of an account in the Liquidator's official name, with daily realizations remitted without deduction by the next working day (allowing deferment until realizations exceed a small threshold). Payments out above that threshold are ordinarily by cheque, and the Tribunal may direct alternative arrangements for panel appointees. The Liquidator must keep a serially numbered remittance challan book and obtain bank acknowledgements for all deposits, with the form agreed with the Bank. Act-Rules LLP Thu, 26 May 2011 15:59:51 +0530 https://www.taxtmi.com/acts?id=13544