https://www.taxtmi.com/acts?id=31575 The Corporate Liquidation Account is maintained by the Board for unclaimed dividends and undistributed liquidation proceeds, together with income earned until deposit. The liquidator must deposit such amounts before applying under regulation 45(3), and amounts held on the commencement date of the amendment must be deposited within fifteen days. Delay in deposit attracts interest at twelve per cent per annum, and the liquidator must furnish evidence of deposit and stakeholder details to the registered authority and the Board. Stakeholders may seek withdrawal before dissolution through the liquidator, and after dissolution directly from the Board; the Board may order release if entitlement is established. en-us Thu, 04 Jan 2018 11:21:54 +0530 Tue, 09 Jun 2026 12:54:55 +0530 TaxTMI RSS Generator https://www.taxtmi.com/acts?id=31575 The Corporate Liquidation Account is maintained by the Board for unclaimed dividends and undistributed liquidation proceeds, together with income earned until deposit. The liquidator must deposit such amounts before applying under regulation 45(3), and amounts held on the commencement date of the amendment must be deposited within fifteen days. Delay in deposit attracts interest at twelve per cent per annum, and the liquidator must furnish evidence of deposit and stakeholder details to the registered authority and the Board. Stakeholders may seek withdrawal before dissolution through the liquidator, and after dissolution directly from the Board; the Board may order release if entitlement is established. Act-Rules IBC Thu, 04 Jan 2018 11:21:54 +0530 https://www.taxtmi.com/acts?id=31575