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Introducing the “In Favour Of” filter in Case Laws.
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of <h1>Company's Affairs Statement Must Be Prepared Under Section 454, Filed with Liquidator, Using Forms 57 & 58</h1> The statement of a company's affairs, as required under section 454, must be prepared in Form No. 57 and duplicated, with one copy verified by affidavit. An affidavit of concurrence should use Form No. 58. These documents must be submitted to the Official Liquidator within the prescribed timeframe or within an extended period not exceeding three months from the 'relevant date,' as approved by the Official Liquidator or the Court for special reasons. The Official Liquidator is responsible for filing the verified statement and affidavit in court and retaining a duplicate for records.
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