Declaration of solvency and Redeemable: Difference between pages

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''Law''.
Redemption.
 
A statutory declaration made by the directors of a company prior to its winding up or liquidation.
 
 
The declaration of solvency states that the directors:
#Have made a full enquiry into the affairs of the company, and
#Have formed the opinion that the company will be able to pay its debts in full within a period of not more than 12 months from the date on which the winding up or liquidation commences.
 


== See also ==
== See also ==
* [[Liquidation]]
* [[Redemption]]
* [[Voluntary liquidation]]
* [[Winding-up]]


[[Category:Compliance_and_audit]]

Revision as of 14:20, 23 October 2012

Redemption.

See also