The liquidation of a company shall be conducted by liquidators. These are the persons who conduct the company’s business during the liquidation, represent the company (legal representatives of the company in liquidation) and they are responsible for the legality of operations of the company.
The Companies Act regulates the appointment and removal of the liquidators, as well as their rights, duties and responsibilities.
Appointment and Removal of the Liquidator
A company appoints a liquidator in the decision on initiating liquidation. The decision on initiating liquidation shall be made Continue reading Liquidator