valid as on 17/04/2024

Section 351. Liquidator not to deposit monies into private banking account
Effective from 15-12-2016

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

2(61) Official Liquidator means an Official Liquidator appointed under sub-section (1) of section 359
Company Liquidator  means a person appointed by the Tribunal as the Company Liquidator in accordance with the provisions of section 275 for the winding up of a company under this Act.

Enforcement Notification S.O. 3677(E) dated 07/12/2016

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