Egi liquidating company ltd

The shareholders may choose to start the process at once, at the date of the general meeting, or at the latest the last day of the financial year-end.A liquidator (likvidator) is the person in charge of the closing process.

As described in greater detail below, this transaction will require the approval of Stockholders at a special meeting of the Company to be held on 17 July 2017 as described below.If there is a surplus after all the company assets have been dealt with and the debts and liquidation expenses have been paid, then it will be distributed back to the shareholders.A guarantor is someone who agrees to repay the debt of a company or person if they default.A liquidator is appointed when a company is placed into liquidation.The liquidator takes control of all the company’s unsecured assets, which are sold to repay the creditors.

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