https://www.taxtmi.com/acts?id=38043 Unclaimed dividends, undistributed assets and other balances must be the subject of an application to the Adjudicating Authority for credit to the Insolvency and Bankruptcy Fund shortly after filing the final report; trustees who fail to apply or to credit the Fund within prescribed timeframes incur interest at the specified rate and possible penalties. Trustees must provide the Board with a statement identifying creditors, amounts and asset values, and the Board may entertain claims and order payment with security; long-unclaimed sums may be utilised for Fund purposes. en-us Thu, 21 Nov 2019 13:21:01 +0530 Thu, 21 Nov 2019 13:21:01 +0530 TaxTMI RSS Generator https://www.taxtmi.com/acts?id=38043 Unclaimed dividends, undistributed assets and other balances must be the subject of an application to the Adjudicating Authority for credit to the Insolvency and Bankruptcy Fund shortly after filing the final report; trustees who fail to apply or to credit the Fund within prescribed timeframes incur interest at the specified rate and possible penalties. Trustees must provide the Board with a statement identifying creditors, amounts and asset values, and the Board may entertain claims and order payment with security; long-unclaimed sums may be utilised for Fund purposes. Act-Rules IBC Thu, 21 Nov 2019 13:21:01 +0530 https://www.taxtmi.com/acts?id=38043