Law in details

Bodies Corporate (Official Liquidation) Act, 1963 (Act 180)

Section 6(1)On the commencement of winding up proceedings against a company all civil proceedings against the company shall be stayed and any transfer of shares of the company shall be void.Section 17 On the commencement of a winding up, no action or civil proceedings against the company, other than proceedings by a secured creditor for the realization of this security, shall be proceeded with or commenced save by leave of the Court and subject to such terms as the Court may impose. Section 18Any transfer of shares, not being a transfer made to or within the sanction of the liquidator made after the commencement of a winding up, shall be void.(2) The allegation made under the preceding subsection shall  be accompanied by a statement in the prescribed form of the company's assets and liabilities.

Procedures to Follow

(a) The official liquidator requires funds to execute the liquidation.
(b) The official liquidator requesting for the statement of affairs from all the directors of the company
(c) Publication of the liquidation order in the gazette
(d) Notice in a national daily newspaper calling on all creditors to file their proof of debt before a fixed date and calling on debtors to pay up or make arrangement before a fixed date to pay their debt.
(e) Publication of first creditors meeting by the official liquidator to bring the creditors the state of liquidation.
(f) Gathering of the veto of the company by the official liquidator.
(g) Publication of second creditors meeting
(h) Selling of the assets of the company to pay creditors....

Responsible Institution

Registrar Generals Department

Accra
Email:info@rgd.gov.gh
Website:https://www.rgd.gov.gh

Relevant Forms to Download

returns of particular of a company limit ...

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Fees / Charges




Not Avaiable