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.