Services » Official Liquidation
Procedure:
- Directors / Creditors or the Company could petition the Registrar of companies to officially liquidate the company
- Court order could be procured for same
- The liquidation is gazetted
- Directors are expected to provide statement of affairs of the company
- Notice to creditors and debtors is published in the media
- Creditors meeting stated for 6 weeks after receipt of the court order
- Assets of the company redeemed, sold and placed in liquidators account
- Official Liquidator declaration of dividend and payment on pro rata basin to the Creditor
