https://www.taxtmi.com/acts?id=14135 A liquidator must open a Liquidation Account in a scheduled bank (or another bank with court sanction) into which all monies and daily realisations are to be paid without deduction by the next working day, subject to a small deferred-remittance threshold; liquidation expenses and cash payments are to be drawn from that account by cheque, and payments above a modest amount should ordinarily be made by cheque. References to the Bank in voluntary winding-up rules mean the bank where this account is maintained. en-us Tue, 31 May 2011 16:06:46 +0530 Mon, 17 Jun 2024 12:23:02 +0530 TaxTMI RSS Generator https://www.taxtmi.com/acts?id=14135 A liquidator must open a Liquidation Account in a scheduled bank (or another bank with court sanction) into which all monies and daily realisations are to be paid without deduction by the next working day, subject to a small deferred-remittance threshold; liquidation expenses and cash payments are to be drawn from that account by cheque, and payments above a modest amount should ordinarily be made by cheque. References to the Bank in voluntary winding-up rules mean the bank where this account is maintained. Act-Rules Companies Law Tue, 31 May 2011 16:06:46 +0530 https://www.taxtmi.com/acts?id=14135