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    <title>Liability in case of company in liquidation.</title>
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    <description>Liquidator intimation: the liquidator must notify the Commissioner within thirty days of appointment. Commissioner assessment and notification: after inquiry the Commissioner shall notify within three months the amount considered sufficient to cover tax, interest or penalty payable or likely payable by the company. Director liability in private companies: if determined tax, interest or penalty cannot be recovered from a wound-up private company, every person who was a director during the relevant period is jointly and severally liable unless he proves to the Commissioner&#039;s satisfaction that non-recovery was not due to his gross neglect, misfeasance or breach of duty.</description>
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