TMI BlogAll money to be paid in to bank accountX X X X Extracts X X X X X X X X Extracts X X X X ..... cess) Regulations, 2016 - Act-Rules - CHAPTER VII PROCEEDS OF LIQUIDATION AND DISTRIBUTION OF PROCEEDS All money to be paid in to bank account 41 . (1) The liquidator shall open a ban ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... y shall be deposited into the bank account without any deduction not later than the next working day. (3) The liquidator may maintain a cash of one lakh rupees or such higher amount as may be permi ..... X X X X Extracts X X X X X X X X Extracts X X X X
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