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of <h1>Liquidators Must Notify Commissioner Within 30 Days; Directors Liable for Unpaid Taxes Unless Proved Otherwise</h1> When a company is in liquidation, the appointed liquidator must notify the Commissioner within thirty days of their appointment. The Commissioner, after conducting inquiries, will inform the liquidator within three months of the necessary amount to cover any tax, interest, or penalties owed by the company. If a private company is wound up and its tax liabilities cannot be recovered, the directors at the time the tax was due are jointly and severally liable for payment, unless they can prove that the non-recovery was not due to their gross neglect, misfeasance, or breach of duty.
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