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Annotated Companies Act > 274. Payment by liquidator into bank > Flashcards

274. Payment by liquidator into bank Flashcards

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  1. Payment by liquidator into bank
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General overview
[274.01] Section 274 mandates that the liquidator has to pay the money received by him into a bank account prescribed by rules 103, 104 and 105 of the Companies (Winding Up) Rules (GN No S 184/1969). This account is called the “Companies Liquidation Account”.

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Annotated Companies Act (558 decks)

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