Tag Archives | Liquidator

Powers and Duties of a Liquidator | Company

In this article we will discuss about the powers and duties of a liquidator of a company. Also you will learn about the order of payment by a liquidator. Powers of Liquidator: Subject to certain legal provisions and adherence to certain procedures the powers of a liquidator are broadly enumerated as follows: (1) He can exercise the following powers only [...]

By |2017-02-06T20:58:58+00:00February 6, 2017|Liquidator|Comments Off on Powers and Duties of a Liquidator | Company
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Distribution of Surplus by Liquidator | Company

When all the liabilities are paid by the Liquidator and even then some amount remains in balance with him, he distributes this balance called surplus among the shareholders of the company. The following guidelines are as follows: (1) Surplus is to be distributed as per the provisions of the Memorandum of Association and Articles of Association. (2) If Preference shares [...]

By |2017-02-06T20:58:58+00:00February 6, 2017|Liquidator|Comments Off on Distribution of Surplus by Liquidator | Company
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