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[Cites 0, Cited by 0] [Section 457] [Entire Act]

Union of India - Subsection

Section 457(2G) in The Companies Act, 1956

(2G)The Liquidator appointed shall-
(a)maintain a separate bank account for each company under his charge for depositing the sale proceeds of the assets and recovery of debts of each company;
(b)maintain proper books of account in respect of all receipts and payments made by him in respect of each company and submit half-yearly return of receipts and payments to the Tribunal.]