Declaration of solvency ‑ Registrars directed to check up resolutions for voluntary winding up as soon as they are filed and give advice in case resolution is found to be defective
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Declaration of solvency: registrars must promptly verify voluntary-winding resolutions and advise on defects to regularise company filings. Registrars must scrutinise resolutions for Declaration of Solvency and voluntary winding up immediately upon filing to ensure statutory compliance, and, if a resolution is found defective or void, must advise the company on steps to regularise the matter, identify defects, and recommend remedial procedural actions to preserve legal certainty in the winding up process.
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.
Declaration of solvency: registrars must promptly verify voluntary-winding resolutions and advise on defects to regularise company filings.
Registrars must scrutinise resolutions for Declaration of Solvency and voluntary winding up immediately upon filing to ensure statutory compliance, and, if a resolution is found defective or void, must advise the company on steps to regularise the matter, identify defects, and recommend remedial procedural actions to preserve legal certainty in the winding up process.
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