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    <title>Liability in case of company in liquidation.</title>
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    <description>A liquidator must notify the Commissioner within thirty days of appointment; the Commissioner shall inquire and, within three months of intimation, notify the liquidator of the amount sufficient to provide for any tax, interest or penalty then due or likely to become payable. If a private company&#039;s assessed tax, interest or penalty cannot be recovered in winding up, every person who was a director during the relevant period is jointly and severally liable unless he proves the non-recovery is not due to gross neglect, misfeasance or breach of duty.</description>
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      <description>A liquidator must notify the Commissioner within thirty days of appointment; the Commissioner shall inquire and, within three months of intimation, notify the liquidator of the amount sufficient to provide for any tax, interest or penalty then due or likely to become payable. If a private company&#039;s assessed tax, interest or penalty cannot be recovered in winding up, every person who was a director during the relevant period is jointly and severally liable unless he proves the non-recovery is not due to gross neglect, misfeasance or breach of duty.</description>
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