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Opening of personal ledger account | Company Vakil Legal Library

Companies (Official Liquidator’s Accounts) Rules, 1965

4. Opening of personal ledger account

Every official
liquidator shall, with the approval of the Central Government, open a personal
ledger account at the nearest branch or agency of the Reserve Bank to be called
the “Official Liquidator’s Account” (hereinafter referred to as the
said account) which shall be a combined account in respect of all the companies
under his charge.

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