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Commentary

224 Final steps in creditors’ voluntary liquidation

BANKRUPTCY AND INSOLVENCY (CORPORATE INSOLVENCY) vol 3(3)
BANKRUPTCY AND INSOLVENCY (CORPORATE INSOLVENCY) vol 3(3) | Commentary

224 Final steps in creditors’ voluntary liquidation

BANKRUPTCY AND INSOLVENCY (CORPORATE INSOLVENCY) vol 3(3) | Commentary

224 Final steps in creditors’ voluntary liquidation

The provisions as to final meeting and dissolution of a company in creditors’ voluntary liquidation are as follows:

  1. 224.1

        Notice regarding dividend: The liquidator must give notice of intention to declare a final dividend or that no dividend or further dividend will be declared1.

  2. 224.2

        Final account: As soon as the company's affairs are fully wound up the liquidator must make up an account of the winding up, showing how it has been conducted and the company's property has been disposed of2. The liquidator must, then, before the end of the period of

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