Liquidating company nz dating people with disabilities

This occurs when a creditor of the company petitions to liquidate the company by issuing a statutory demand.If the statutory demand goes unremedied, then that creditor can apply to the High Court to put the company into liquidation.

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However, this is possible only if the constitution of the company specifically allows for the board to make this decision as voluntarily appointing a liquidator to a company is a shareholder decision.We couldn't find a director or shareholder matching "[keyword]".Try checking the spelling of your search or reducing the number of words.If liquidation does occur, it is important to appoint a liquidation specialist that you can trust.Their role is reporting to the Companies Office, and selling and distributing assets to creditors according to the law.

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