Law in details

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

Section 5(1) On notice being given by the liquidator under a private liquidation in accordance with the provisions of section 258 of the Companies Code, 1963 (Act 179) alleging that the company may not be able to pay its debts in full within the period stated in the declaration of insolvency, the Registrar may make a winding up order converting the private liquidation into an official winding up.(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