Provisions applicable to every mode of winding up Default committed by liquidator under the section Process as to how payment of dues from delinquent liquidator can be enforced

Provisions applicable to every mode of winding up Default committed by liquidator under the section Process as to how payment of dues from delinquent liquidator can be enforced https://www.taxtmi.com/circulars?id=10814 Moneys payable by a liquidator, including interest and penalties under section 555(9), are to be treated as assets of the company in liquidation. The Registrar should initiate action under section 555(3) read with section 556(1) and seek a court order requiring the liquidator to file the statutory statement and pay all moneys into the Companies Liquidation Account, submitting the prescribed statement in Form No. 159. Prosecution under the penal provision may be pursued but may not secure recovery; the Registrar's levy under section 555(9) is not appealable. en-us Thu, 20 Jul 1972 00:00:00 +0530 Fri, 17 Jun 2011 12:02:00 +0530 TaxTMI RSS Generator Provisions applicable to every mode of winding up Default committed by liquidator under the section Process as to how payment of dues from delinquent liquidator can be enforced https://www.taxtmi.com/circulars?id=10814 Moneys payable by a liquidator, including interest and penalties under section 555(9), are to be treated as assets of the company in liquidation. The Registrar should initiate action under section 555(3) read with section 556(1) and seek a court order requiring the liquidator to file the statutory statement and pay all moneys into the Companies Liquidation Account, submitting the prescribed statement in Form No. 159. Prosecution under the penal provision may be pursued but may not secure recovery; the Registrar's levy under section 555(9) is not appealable. Circulars Companies Law Thu, 20 Jul 1972 00:00:00 +0530 https://www.taxtmi.com/circulars?id=10814