Introduction I have previously written that voluntary liquidation of a company can be done in terms of section 5(1) and section 9 of the Insolvency Act (Chapter 6:07) (hereinafter “the
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Introduction Liquidation is the process of winding up a company. This is done by selling off the company’s assets, paying liquidation expenses and creditors. If there is any residue, it
Introduction In my previous articles I have written that liquidation, in the case of a company, is the process of winding up that business. In this article I deal with
Introduction Liquidation, in the case of a company, is the process of winding up that business. In this article I look at the powers of a liquidator to dispose of
Introduction Liquidation is the process of winding up a company. This is done through the disposal of a company’s assets and use the proceeds to pay off its creditors. If
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Introduction I have explained in my previous articles that liquidation involves the winding up of a company. In other words after the liquidation the business ceases to exist. In this
Liquidation, which is the winding up of a business, can be voluntary or involuntary.
Liquidation is the process of winding up a company. This is done by selling off the company’s assets and paying its creditors. If there is any residue it is then distributed to the company’s shareholders.
Introduction Under insolvency practice it is common to find a company under either corporate rescue proceedings or in liquidation, in terms of the Insolvency Act (Chapter 6:07) or “the Act”).
Introduction Following my article of Thursday, 5 May 2022 titled “Valuation of company shares for deceased estates” I received many inquiries from readers. I was requested to explain the liquidation
