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

The Companies Act, 2013

Chapter– XX Winding Up 

Part III- Provision applicable to every mode of winding up 

Section 351: Liquidator not to deposit monies into private banking account.

^*351. 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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Reference

*Effective from 15.12.2016.

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