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Section 351 Of Companies Act 2013: Liquidator Not To Deposit Monies Into Private Banking Account

SECTION-351 (Liquidator not to deposit monies into private banking account) under CHAPTER-XX (Winding Up) of the Companies Act, 2013

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.

Extra Notes for Readers

(1) The Companies Act, 2013 received the assent of the President on the 29th August, 2013 (Published in the Gazette of India, Extraordinary, Part II - Section 1 by Ministry of Law and Justice, Legislative Department on 30th August, 2013) - link

(2) Section 351 of the Companies Act 2013 was notified by MCA Notification S.O. 3677(E) dated 7th December 2016 (w.e.f. 15th December 2016) - link

(3) The Companies (Winding Up) Rules, 2013 is yet to be notified.

This page was last updated on 27th May, 2017.

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