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under US law, the company can apply liqudation under two sec., sec7 & sec11

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What is the Punishment for the Offences by Officers of Companies in Liquidation?

Under the Companies Act 2013, the Punishment for the Offences by Officers of Companies in Liquidation is provided under Section 336 of the Act. The Punishment for the Offences by Officers of Companies in Liquidation is as follows: The Officer of Company in Liquidation shall be punished with imprisonment which should not be less than 3 years and which can be extended to 5 years, and The Officer of Company in Liquidation shall be punished with a fine which should be less than 1 lakh Rupees and which can be extended to 3 lakh Rupees. Note: If the accused Officer of Company in Liquidation proves that he/she had no intent to defraud or conceal the company's true affairs or defeat the law, will result into a good defence for him/her.


What has the author Wolf Schulz written?

Wolf Schulz has written: 'Die masselose Liquidation der GmbH' -- subject(s): Bankruptcy, Liquidation, Private companies


What are different ways of winding up companies?

Winding up also refers to liquidation


Where was Babcock and Brown based?

Babcock and Brown was based in Sydney, Australia before entering into liquidation in March 2009. The main reason for liquidation was the companies serious debt problems.


Where can one find a liquidation sale?

A lot of liquidation sales take place via online auctions nowadays. Normally, the shops themselves would pass their liquidation stock to other companies to sell on their behalf, since liquidation does not always mean the store is closing down and can give a bad public image.


How do companies liquidate excess inventory that isn't selling?

Companies have several options when liquidating inventory. They can hold liquidation sales for the public. Or they can send their inventory to be auctioned by bulk.


What is a liquidation notice?

If this question has been asked in relation to the Indian laws than a liquidation notice means in orders issued under the Indian companies act 1956 seeking the liquidation of the company on account ofseveral reasons including Default in payment by the company. did notice is for a period of 21 days and if the company fails to show cause or make payment, then the issuer of the notice can seek liquidation of the company.


How do I buy directly from Macy's liquidation program?

Macy's has the macy'sliquidation.com website, but you have to contact Macy's to become a registered customer to access the site. The email of the person to contact is on the landing page of the website. bstocksupply.com (for Macy's liquidation auctions) There are also companies that purchase Macy's liquidation items and resell it. Some of the websites to check are: oemexperts.com liquidation.com resellerbiz.com


What is a physical change that starts with the letter l?

liquidation


When was Liquidation Channel created?

Liquidation Channel was created in 2008.


What has the author Peter Henning written?

Peter Henning has written: 'Die Zwangsliquidation von Versicherungsunternehmen' -- subject(s): Bankruptcy, Insurance companies, Liquidation


What is differences between divestiture and liquidation?

Divestiture is silent. Liquidation is public.