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[Cites 0, Cited by 0] [Section 555] [Entire Act]

Union of India - Subsection

Section 555(8) in The Companies Act, 1956

(8)Any money paid into the Companies Liquidation Account in pursuance of this section, which remains unclaimed thereafter for a period of fifteen years, shall be transferred to the general revenue account of the Central Government; but a claim to any money so transferred may be preferred under sub-section (7) and shall be dealt with as if such transfer had not been made, the order, if any, for payment on the claim being treated as an order for refund of revenue.