https://www.taxtmi.com/acts?id=15742 A declaration of solvency must be sworn by the director(s) after a full inquiry that the company has no debt or will be able to pay its debts in full from asset proceeds; it must be delivered to the Registrar within five weeks before the winding-up resolution, state that the winding up is not to defraud any person, be accompanied by the auditors' profit and loss report and a balance sheet showing assets and liabilities, and, where assets exist, by a registered valuer's report. A rebuttable presumption and criminal penalties attach where debts remain unpaid. en-us Fri, 23 Dec 2011 13:31:32 +0530 Fri, 23 Dec 2011 13:31:32 +0530 TaxTMI RSS Generator https://www.taxtmi.com/acts?id=15742 A declaration of solvency must be sworn by the director(s) after a full inquiry that the company has no debt or will be able to pay its debts in full from asset proceeds; it must be delivered to the Registrar within five weeks before the winding-up resolution, state that the winding up is not to defraud any person, be accompanied by the auditors' profit and loss report and a balance sheet showing assets and liabilities, and, where assets exist, by a registered valuer's report. A rebuttable presumption and criminal penalties attach where debts remain unpaid. Act-Rules Bills Fri, 23 Dec 2011 13:31:32 +0530 https://www.taxtmi.com/acts?id=15742