Costing Standards Accounting Standards E-Forms

The Companies Act, 2013

Chapter XX - Winding Up (270 - 365)

Section 351- Liquidator not to deposit monies into private banking account.

[ Section 351 notified with effect from 15.12.2016 vide S.O. 3676 (E) dated 07.12.2016]

Section 351- Liquidator not to deposit monies into private banking account. [Corresponds to Section 554 of the Companies Act, 1956]

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