Winding-up obligations: liquidator must prepare account, convene meeting, and report to the Tribunal to trigger dissolution process. Liquidator must prepare a complete winding-up account and call a general meeting by advertised notice; within one week after the meeting the liquidator must send copies of the account and make returns to the Registrar and the Official Liquidator, with prescribed fines for defaults. The Registrar registers the account and returns and the Official Liquidator may scrutinise company books and report to the Tribunal, which can deem the company dissolved if no prejudicial conduct is found or order further investigation and consequent orders if prejudicial conduct is reported.
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Winding-up obligations: liquidator must prepare account, convene meeting, and report to the Tribunal to trigger dissolution process.
Liquidator must prepare a complete winding-up account and call a general meeting by advertised notice; within one week after the meeting the liquidator must send copies of the account and make returns to the Registrar and the Official Liquidator, with prescribed fines for defaults. The Registrar registers the account and returns and the Official Liquidator may scrutinise company books and report to the Tribunal, which can deem the company dissolved if no prejudicial conduct is found or order further investigation and consequent orders if prejudicial conduct is reported.
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