Liquidation

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APPOINTMENT OF LIQUIDATOR

A liquidator is an officer appointed when a company goes into liquidation. He/she has the responsibility of collecting in all of the assets of the company and settling all claims against the company before putting the company into dissolution.

A liquidator must lodge with the Registrar and with the Official Receiver a notice (Form 59) of his appointment and of the situation of his office and his postal address. In the event of any change in the situation of his office or in his postal address, such changes should also be notified with the Registrar.

The fees are as follows:-

Form 59  K25,000  KR25
Gazette Notice Handling Fee  K50,000  KR50
Gazette Notice Advertisement Fee  K100,000  KR100
Total Amount K175,000 K175

On lodgment of Form 59, the Registrar shall cause a notice to be published in the Government Gazette that the person has been appointed to act as a Liquidator or provisional Liquidator, as the case may be.

Ceasing to act as Liquidator
If a liquidator resigns or is removed from acting as liquidator, he/she is required to notify the Registrar on Form 57 within twenty one days . The fees are as follows:-

Form 57  K25,000  KR25
Gazette Notice Handling Fee  K50,000  KR50
Gazette Notice Advertisement Fee  K100,000  KR100
Total Amount K175,000 KR175

On lodgment of Form 57, the Registrar shall cause a Notice to be published in the Government Gazette that the person has ceased to act as a Liquidator or provisional Liquidator, as the case may be.

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