Company liquidator duties require timely reporting, creditor and member inspections, and penal consequences for noncompliance. Company liquidator must perform functions and duties as determined by the company or creditors, settle the list of contributories as prima facie evidence of liability, call general meetings for necessary sanctions, pay company debts and adjust contributory rights, and observe due care. The liquidator must maintain prescribed books of account subject to inspection, prepare audited quarterly statements and file them with the Registrar within thirty days of each quarter's close, with penal consequences for noncompliance.
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Provisions expressly mentioned in the judgment/order text.
Company liquidator duties require timely reporting, creditor and member inspections, and penal consequences for noncompliance.
Company liquidator must perform functions and duties as determined by the company or creditors, settle the list of contributories as prima facie evidence of liability, call general meetings for necessary sanctions, pay company debts and adjust contributory rights, and observe due care. The liquidator must maintain prescribed books of account subject to inspection, prepare audited quarterly statements and file them with the Registrar within thirty days of each quarter's close, with penal consequences for noncompliance.
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