https://www.taxtmi.com/acts?id=13578 Rule 286 requires the LLP liquidator to open a designated Liquidation Account in a Scheduled Bank and to pay all money received as liquidator into that account, with realizations lodged without deduction and ordinarily by the next working day (subject to a small permissible deferment). Money for liquidation expenses or cash payments must be drawn from that account by cheque, and payments above the small-cash threshold are ordinarily to be made by cheque. Rule 286(2) defines references to the Bank as the bank where that account is opened. en-us Thu, 26 May 2011 16:22:13 +0530 Thu, 26 May 2011 16:22:13 +0530 TaxTMI RSS Generator https://www.taxtmi.com/acts?id=13578 Rule 286 requires the LLP liquidator to open a designated Liquidation Account in a Scheduled Bank and to pay all money received as liquidator into that account, with realizations lodged without deduction and ordinarily by the next working day (subject to a small permissible deferment). Money for liquidation expenses or cash payments must be drawn from that account by cheque, and payments above the small-cash threshold are ordinarily to be made by cheque. Rule 286(2) defines references to the Bank as the bank where that account is opened. Act-Rules LLP Thu, 26 May 2011 16:22:13 +0530 https://www.taxtmi.com/acts?id=13578