Liquidation progress report requires monthly filing of dissolution application details, realizations, priority distributions, receipts/payments and attachments. Form LIQ-3 mandates monthly progress reporting by the liquidator following an application for dissolution/closure under Regulation 45(3). It requires ... Summary
Liquidation progress report requires monthly filing of dissolution application details, realizations, priority distributions, receipts/payments and attachments.
Form LIQ-3 mandates monthly progress reporting by the liquidator following an application for dissolution/closure under Regulation 45(3). It requires filing details and attachments, disclosure of proceeds to the Corporate Liquidation Account, schedules of assets realised and unrealised with estimated realizable values, itemised realisations and receipts, and a tabulated distribution statement aligned with Section 53 priorities. The form also records security interests not relinquished under section 52, a full receipts-and-payments reconciliation, and specified attachments and declaration by the insolvency professional.
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