Companies (Winding Up and Miscellaneous Provisions) Ordinance

Whenever the cash balance standing to the credit of the Companies Liquidation Account is in excess of the amount which in the opinion of the Official Receiver is required for the time being to answer demands in respect of companies’ estates, he may invest in his name the whole or any part of such excess on fixed deposit or deposit at call with such bank as he thinks fit or in Government securities.
(Replaced
79 of 1988 s. 9
. Amended
23 of 1999 s. 3
)