Query on Liquidation of a Company


Roopa (Accounts Officer)     27 April 2011

Roopa
Accounts Officer 
 38 points

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If High Court has Ordered for the Liquidation of a Company due to non payment of creditors dues and the status of the Company is shown in the ROC website as "Under Liquidation", What steps the Company has to take to bring it out of Liquidation status... Can anyone help me with this query...Please!!! mail me at roopa.udikeri @ reynoldsindia.com

Regards,

Roopa

Ravi Shekhar Vyas (Article Assistant)     29 April 2011

Ravi Shekhar Vyas
Article Assistant 
 1 likes  50 points

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Company will have to bring stay on the Liquidation Order & will have to apply for Reconstruction Scheme by the approval of Board as well as by the approval of Creditors.


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