Fraudulent removal of company name: management faces joint and several liability and criminal fraud consequences. Where an application to remove a company's name is made to evade liabilities or to deceive creditors or others, the persons in charge of the company become jointly and severally liable to those who suffered loss from the company's dissolution notification and are subject to prosecution for fraud; the Registrar may also recommend prosecution of those responsible for filing the removal application.
Cases where this provision is explicitly mentioned in the judgment/order text; may not be exhaustive. To view the complete list of cases mentioning this section, Click here.
Provisions expressly mentioned in the judgment/order text.
Fraudulent removal of company name: management faces joint and several liability and criminal fraud consequences.
Where an application to remove a company's name is made to evade liabilities or to deceive creditors or others, the persons in charge of the company become jointly and severally liable to those who suffered loss from the company's dissolution notification and are subject to prosecution for fraud; the Registrar may also recommend prosecution of those responsible for filing the removal application.
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