https://www.taxtmi.com/acts?id=15787 A Company Liquidator must deposit monies received in winding up into a special bank account in a scheduled bank, unless the Tribunal permits an alternative bank. If the liquidator retains sums beyond the short prescribed period and threshold without satisfactory explanation, the Tribunal may impose interest and penalties on the excess, require payment of consequential expenses, disallow remuneration in whole or part, or remove the liquidator from office. en-us Fri, 23 Dec 2011 16:04:27 +0530 Fri, 23 Dec 2011 16:04:27 +0530 TaxTMI RSS Generator https://www.taxtmi.com/acts?id=15787 A Company Liquidator must deposit monies received in winding up into a special bank account in a scheduled bank, unless the Tribunal permits an alternative bank. If the liquidator retains sums beyond the short prescribed period and threshold without satisfactory explanation, the Tribunal may impose interest and penalties on the excess, require payment of consequential expenses, disallow remuneration in whole or part, or remove the liquidator from office. Act-Rules Bills Fri, 23 Dec 2011 16:04:27 +0530 https://www.taxtmi.com/acts?id=15787