Proactive obligations in winding up petitions require Official Liquidators to secure verified company asset and creditor information. Official Liquidators must post staff at Company Courts, consult the High Court institution register, and file court applications directing company management to provide chartered accountant-verified information: current addresses of officers, detailed immovable and movable asset locations and valuations, debtor and creditor particulars, employee dues, personal assets of directors with acquisition and title details, three years of audited balance sheets, and registered office location. Regional Directors must ensure these applications are filed promptly and a legally vetted standard draft is used in all cases.
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Proactive obligations in winding up petitions require Official Liquidators to secure verified company asset and creditor information.
Official Liquidators must post staff at Company Courts, consult the High Court institution register, and file court applications directing company management to provide chartered accountant-verified information: current addresses of officers, detailed immovable and movable asset locations and valuations, debtor and creditor particulars, employee dues, personal assets of directors with acquisition and title details, three years of audited balance sheets, and registered office location. Regional Directors must ensure these applications are filed promptly and a legally vetted standard draft is used in all cases.
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