ADVANTAGES
- Clear Strike off of a Company from the Register of Companies
- Avoids further question about property, debts and liabilities of the Company
DOCUMENTS needed to be prepared
- Notice of Resolution to Wind up
- Notice of Appointment of Liquidator
- Special Resolution of commencement of winding up
- Notice of Meeting of Creditors
- Notice of General/Final Meeting
- Return of Final Winding up Meeting
DUTIES of the Liquidator
- Identify all the assets of the company
- Identify all the creditors and claimants against the company
- Provide for the payment of, or to discharge, all claims, liabilities, debts and obligation of the Company
- Distribute any surplus assets to the members in accordance to the Memorandum & Articles of Association
- Prepare a statement of accounts in respect of the actions and transactions of the liquidator
- Send a copy of the statement of accounts to all members if so required by the plan of dissolution
- The Liquidator should submit to the Registrar a statement that the dissolution is complete
GENERAL INFORMATION
- International Management Co. Ltd. will be appointed as Liquidator
- Notice of Resolution to wind up will be published in the Gazette
- The Dissolution of a company will commence upon submission of the Special Resolution to the Registry
- Within 7 days of the appointment, the liquidator will file a notice of meeting of creditors of the company, once on the Gazette and once in 2 local newspapers
- One month before the final meeting, the liquidator is to file notice of general/final meeting in the Gazette
- One week after the meeting, the liquidator will file a return of meeting with the Registry
- After the Registrar has been notified that the company has been dissolved the company will be struck off the Register and a Certificate of Dissolution will be distributed
- Total process takes approximately 2 months
DOCUMENTS you will receive
- Certificate of Dissolution
FEES
The cost for the Dissolution of a Local Company is US $ 827.50, including tax and fee for ads. This fee does not include penalty fees payable to the Government of Belize to bring the company up to date.
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