Friday, May 28, 2010

Resolution of company under the supervision of The COURTResolution of company under the supervision of The COURT


The afterward is the action of the court:

a. Resolution

At aboriginal the aggregation has to canyon appropriate or added accustomed resolution to wind up voluntarily.

b. Address for accountable to supervision

When there are frauds or irregularities in the autonomous ambagious up, the address may be presented by one or added of the competent parties for ambagious up beneath the administration of the court.

c. Administration order

The cloister may, if it thinks fit, adjustment that the autonomous ambagious up shall abide but accountable to the administration of the cloister and on such agreement and altitude as the cloister thinks just.

d. Ability of the court

The cloister has ability to accredit an added apache of to abolish any liquidator. But about the apache appointed by the aggregation for the autonomous ambagious up continues in appointment accountable to his giving of security.

e. Dissolution of the company

When the administration adjustment made, the apache may exercise all his admiral in a autonomous ambagious up. On achievement of the ambagious up, the cloister will accomplish an adjustment that the aggregation is dissolved.

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