Archive | Liquidation

Liquidator’s Final Statement of Account

The liquidator’s task is to realise the assets and disburse the amounts among those who have a rightful claim to it; in every case the liquidator has to prepare a statement showing how much he realised and how the amount was distributed. The following is the order in which disbursements will be made by the […]

Statement of Affairs under Liquidation

The officers and directors of a company under liquidation must, according to section 454 read with section 511 A, make out and submit, within 21 days of the Tribunal’s order (or within such extended time, not exceeding 3 months, as the liquidator or the Tribunal may allow), a statement showing the following:— (a) The assets […]

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