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Withdrawals from Bank | Company Vakil Legal Library

Companies (Official Liquidator’s Accounts) Rules, 1965

8. Withdrawals from Bank

All moneys required by
the official liquidator for meeting the expenses of, or for making cash payments
in connection with, the liquidation of a company in his charge, shall be
withdrawn from the Reserve Bank by cheques and every
payment made by the official liquidator in excess of Rs.
50 shall be made by cheque drawn against the said
account.

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