Declaration of solvency: directors confirm the company can meet liabilities for one year and attach audited assets statement. Directors must solemnly declare, after a full enquiry, that the company can meet its liabilities as they fall due and will not be rendered insolvent for one year from the declaration date; this declaration must be accompanied by an audited statement of assets and liabilities and confirmation that audited annual accounts and the balance sheet have been filed with the Registrar. The form requires company identification, board resolution date, signatures of the managing director and directors, verification before a commissioner of oaths or notary public, and attachments including the board resolution, the assets and liabilities statement, and the auditor's report.
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Provisions expressly mentioned in the judgment/order text.
Declaration of solvency: directors confirm the company can meet liabilities for one year and attach audited assets statement.
Directors must solemnly declare, after a full enquiry, that the company can meet its liabilities as they fall due and will not be rendered insolvent for one year from the declaration date; this declaration must be accompanied by an audited statement of assets and liabilities and confirmation that audited annual accounts and the balance sheet have been filed with the Registrar. The form requires company identification, board resolution date, signatures of the managing director and directors, verification before a commissioner of oaths or notary public, and attachments including the board resolution, the assets and liabilities statement, and the auditor's report.
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