Law in details

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

Section 4(2)The Court may order the official winding up of a company on such petition where,(a) the company does not within a year from its incorporation commence to carry on all the businesses which it is authorised by its Regulations to carry on or suspends any of such businesses for a whole year;(b) the company has no members;(c) the business or objects of the company are unlawful or the company is operated for an illegal purpose or the business being carried on by the company is not authorised by its Regulations;(d) the company is unable to pay its debts; or(e) the Court is of the opinion that it is just and equitable that the company should be wound up.

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