https://www.taxtmi.com/acts?id=21090 A liquidator must open a dedicated Liquidation Account in a Scheduled Bank and pay all money received into it without deduction, with daily realisations remitted by the next working day unless deferred until they exceed the stated threshold. Liquidation expenses or cash payments are drawn from that account, and payments above the threshold are ordinarily made by cheque. References to the Bank in a voluntary winding-up mean the bank where this account is opened. en-us Tue, 26 Apr 2016 14:33:47 +0530 Tue, 26 Apr 2016 14:33:47 +0530 TaxTMI RSS Generator https://www.taxtmi.com/acts?id=21090 A liquidator must open a dedicated Liquidation Account in a Scheduled Bank and pay all money received into it without deduction, with daily realisations remitted by the next working day unless deferred until they exceed the stated threshold. Liquidation expenses or cash payments are drawn from that account, and payments above the threshold are ordinarily made by cheque. References to the Bank in a voluntary winding-up mean the bank where this account is opened. Act-Rules LLP Tue, 26 Apr 2016 14:33:47 +0530 https://www.taxtmi.com/acts?id=21090