WHAT IS LIQUIDATION
Liquidation is nothing but cancellation of company. Liquidation / Cancellation of a company is an intricate procedure and cannot be done at once with the decision made. There has to be a mutual agreement in case of shareholders and you will also need to associate yourself with several governmental trials.
The proceedings given out but the Department of Economic Development involves: acquiring a Commercial Register certificate stating that the company is under liquidation, two local newspapers for 45 days by the liquidator's accounting the liquidation of the company, submitting the original announcements, no objection certification by the liquidator, submission of letters to the governmental authorities to cancel comme