Rules and Regulations of India

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Section 296 – THE COMPANIES (COURT) RULES, 1959

296. Dividend and interest to be credited

All dividends and interest accruing from any securities or investments shall from time to time be received by the Bank and placed to the credit of the account of the Official Liquidator, and intimation thereof shall be given to the Official Liquidator, who shall thereupon credit such dividend or interest in his accounts to the company to which the security or the investment relating thereto belongs.

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