winding-up/ liquidation / penggulungan syarikat

fairy_hobbit

dear licensed co secs, liquidators, para accountants yg terer2...


aku type procedure ringkas untuk winding up/liquidation.. kalau salah.. tolong betulkan.. n kalau korang nak tambah info pasal law ker.. tax implication ker.. accounting entries ker... adalah sgt dialu2kan.. sebenarnya aku tgh check betul ke salah pemahaman aku ni dahla tgh tak tgk companies act.. buku pun tgh takder.. ekekekekeke...   

COMMENCEMENT of members' voluntary liquidation

1. issuance of notice of BOD meeting
notice period ikut M&A company masing2

2. BOD meeting
matters to resolve, inter alia:
a. written declaration by directors (Form 66- declaration of solvency) that the company is able to pay its debt within 12 months time
b. recommendation to wind-up
c. proposal of EGM date

3. notice of EGM
at least 21 days before EGM unless the shareholders holding 95% (omg mcm salah jer % ni) of the total shares sign the consent to short notice.

4. EGM
pas egm sign form 11
special reso:
1. dat the company be wound up
2. to authorise the liquidators to divide the co's assets n exercise its powers.

ordinary reso:
1. appointment of liquidators
2. to destroy books and papers of the co
3. liquidators' fee

in order to proceed with members' voluntary winding up, the company must be solvent.
all the above meeting can be done via physical mtg or paper meeting

p/s: ni untuk commencement je kalau korang rajin bole la sambung step2 lain..

[ Last edited by  fairy_hobbit at 30-10-2006 03:36 PM ]

fairy_hobbit

now if anybody could explain more on the practical guide to creditors' voluntary meeting.. u'd be most welcomed (pasal aku confuse mana notice yg nak issue on the same day.. mana notice yg nak issue the day after)

[ Last edited by  fairy_hobbit at 30-10-2006 03:36 PM ]