Archive for August, 2001
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III Juridical Entities: D. Book of Accounts (Sec 1-7)
Tuesday, August 28th, 2001
D. Book of Accounts
(1.) Audit
The court may upon its own or upon application appoint outside inspectors to inspect the state of the company and then report as the court directs in writing or otherwise. Applicants to the courts for such investigations must post a security payment for the costs of the inquiry, they must not […]
III Juridical Entities: D.Book of Accounts (Sec 8 Voluntary Windup)
Tuesday, August 28th, 2001(8.) Voluntary Wind Up
A company may be wound up voluntarily if the duration as set out in the articles expires, if the company resolves by special resolution that the company should now be wound up, or if the company resolves that it cannot continue business due to its liabilities and resolves as such by extraordinary […]
III Juridical Entities: E. Special Provisions Relating to Dissolution
Tuesday, August 28th, 2001E. Special Provisions Relating to Dissolution
(1.) Directors’ Liability
Any manager, director, member, promoter, or liquidator who through improper conduct may be compelled to repay the funds received with interest to the company or its creditors. Any director who is found to have defrauded the […]