Public announcement requirements in voluntary liquidation require prompt notice, stakeholder claims submission, and prescribed publication channels. The liquidator in a voluntary liquidation process must make a public announcement in the form notified by the Board through circular within five days of appointment. The announcement must call upon stakeholders to submit their claims as on the liquidation commencement date and must specify that the last date for submission is thirty days from that date. It must be published in newspapers, on the corporate person's website, if any, and on any website designated by the Board.
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.
Public announcement requirements in voluntary liquidation require prompt notice, stakeholder claims submission, and prescribed publication channels.
The liquidator in a voluntary liquidation process must make a public announcement in the form notified by the Board through circular within five days of appointment. The announcement must call upon stakeholders to submit their claims as on the liquidation commencement date and must specify that the last date for submission is thirty days from that date. It must be published in newspapers, on the corporate person's website, if any, and on any website designated by the Board.
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