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Rule 82: Bills, cheques, etc. to be deposited with bank · Complied AI

Chapter 37
Rule 82

Rule 82Chapter 37

Bills, cheques, etc. to be deposited with bank

Bills, cheques, etc. to be deposited with bank.- All bills, cheques, hundies, notes and other securities payable to the company or to the Company Liquidator thereof shall, as soon as they come into the hands of the Company Liquidator, be deposited by him with the bank for the purpose of being presented for acceptance and payment or for payment

only, as the case may be and the proceeds when realised shall be credited by the bank to the special bank account.

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