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Introducing the “In Favour Of” filter in Case Laws.
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of <h1>Liquidators Must Notify Commissioner Within 30 Days; Former Directors Liable for Unpaid Taxes Unless Proven Otherwise.</h1> When a company is being wound up, the appointed liquidator must notify the Commissioner within 30 days of their appointment. The Commissioner, after conducting inquiries, will inform the liquidator within three months of the tax, interest, or penalty amount payable by the company. If a private company is wound up and the tax cannot be recovered, former directors are jointly and severally liable for the payment unless they prove that the non-recovery was not due to their neglect, misfeasance, or breach of duty.
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