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imported>Doug Williamson |
imported>Administrator |
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| ''Law''.
| | Redemption. |
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| A statutory declaration made by the directors of a company prior to its winding up or liquidation.
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| The declaration of solvency states that the directors:
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| #Have made a full enquiry into the affairs of the company, and
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| #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.
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| == See also == | | == See also == |
| * [[Liquidation]] | | * [[Redemption]] |
| * [[Voluntary liquidation]]
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| * [[Winding-up]]
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| [[Category:Compliance_and_audit]]
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Revision as of 14:20, 23 October 2012