Complied AI Back to law library Reading nowCompanies Rules under the Companies Act, 201355 chapters · 1109 rules

Chapters55

Reading nowCompanies Rules under the Companies Act Act contents

Law library Updates

Search this Act

Jump directly to a section by number or title.

Rule 88: Investments to be made by Bank · Complied AI

Chapter 37
Rule 88

Rule 88Chapter 37

Investments to be made by Bank

Investments to be made by Bank.- All investments shall be made by the bank upon the written request of the Company Liquidator but the securities shall be retained in the bank in the name and on behalf of the Company Liquidator, and shall not be sold except by the bank and under the written instructions of the Company Liquidator, and when the securities are sold, the proceeds shall be credited by the bank to the account of the Company Liquidator.

Rule 87 Rule 88 Rule 89