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