Rules and Regulations of India

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Section 294 – THE COMPANIES (COURT) RULES, 1959

294. Official Liquidator to examine the accounts for purposes of investment

The Official Liquidator shall, at the end of every three months, examine the account of each liquidation in his charge to ascertain what moneys are available for investment, and shall make an entry at the end of every three months in the Record Book relating to the company of his having examined the account for the purpose and of the decision taken by him regarding the investment, and in case he decides not to invest any surplus funds, the reasons for such decision.

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