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Companies Act, 1956

Section - 553 - Voluntary liquidator to make payments into Scheduled Bank

Voluntary liquidator to make payments into Scheduled Bank.

553. (1) Every liquidator of a company, not being an Official Liquidator, shall, in such manner and at such times as may be prescribed, pay the moneys received by him in his capacity as such into a Scheduled Bank to the credit of a special banking account opened by him in that behalf, and called

 
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