ARQ provides full scope accounting support throughout the life cycle of a company. This also extends to preparation of closing accounts and liaison with the liquidator during the liquidation phase.
Once an extraordinary resolution has been passed to place the company into liquidation, ARQ’s experienced team will work with the liquidator and assist in the preparation and submission of the relevant forms which are to be submitted to the ROC, as well as the statement of affairs of the company.
Consequently, the liquidator will realise all assets, settle all outstanding liabilities and any surplus will then be distributed to the shareholders. He will then proceed with the closure of bank accounts held by the company.
The liquidator must ensure that the company is wound up within 12 months from the date of the original resolution being taken. ARQ shall coordinate with the company’s independent auditors who will prepare audited liquidation accounts which also include a scheme of distribution. These documents are filed with the Registry of Companies and we then apply for the company to be struck off and tax clearance is obtained from the Inland Revenue Department.
How we do it
ARQ performs all the bookkeeping and accounting services necessary to wind up a company, providing confidential advice as well as drafting and filing of all the necessary resolutions and statutory forms. We collaborate with independent and professional liquidators and auditors to ensure that the dissolution of the company is performed in an efficient and timely manner.Get in Touch