Section 351 of Companies Act, 2013 – Liquidator not to deposit monies into private banking account

  • Updated Till : March 28, 2020

SECTION 351. LIQUIDATOR NOT TO DEPOSIT MONIES INTO
PRIVATE BANKING ACCOUNT

[Effective from 15th December, 2016]

Neither the Official Liquidator nor the Company Liquidator of a company shall deposit any monies received by him in his capacity as such into any private banking account.

 

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