| Chapter: I |
| PRELIMINARY |
|
Regulation 1 |
: |
Short title and commencement.
|
|
Regulation 2 |
: |
Definitions
|
| Chapter: II |
| COMMENCEMENT OF LIQUIDATION |
|
Regulation 3 |
: |
Initiation of Liquidation
|
|
Regulation 4 |
: |
Effect of liquidation
|
| Chapter: III |
| APPOINTMENT AND REMUNERATION OF LIQUIDATOR |
|
Regulation 5 |
: |
Appointment of Liquidator
|
|
Regulation 6 |
: |
Eligibility for appointment as liquidator
|
|
Regulation 7 |
: |
Liquidator's remuneration
|
| Chapter: IV |
| POWERS AND FUNCTIONS OF THE LIQUIDATOR |
|
Regulation 8 |
: |
Reporting
|
|
Regulation 9 |
: |
Preliminary Report
|
|
Regulation 10 |
: |
Registers and books of account
|
|
Regulation 11 |
: |
Engagement of professionals
|
|
Regulation 12 |
: |
Consultation with stakeholders
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|
Regulation 13 |
: |
Extortionate credit transactions
|
|
Regulation 14 |
: |
Public announcement by the liquidator
|
| Chapter: V |
| CLAIMS |
|
Regulation 15 |
: |
Proof of claim
|
|
Regulation 16 |
: |
Claims by operational creditors
|
|
Regulation 17 |
: |
Claims by financial creditors
|
|
Regulation 18 |
: |
Claims by workmen and employees
|
|
Regulation 19 |
: |
Claims by other stakeholders
|
|
Regulation 20 |
: |
Proving security interest
|
|
Regulation 21 |
: |
Production of bills of exchange and promissory notes
|
|
Regulation 22 |
: |
Substantiation of claims
|
|
Regulation 23 |
: |
Cost of proof
|
|
Regulation 24 |
: |
Determination of quantum of claim
|
|
Regulation 25 |
: |
Debt in foreign currency
|
|
Regulation 26 |
: |
Periodical payments
|
|
Regulation 27 |
: |
Debt payable at future time
|
|
Regulation 28 |
: |
Mutual credits and set-off
|
|
Regulation 29 |
: |
Verification of claim
|
|
Regulation 30 |
: |
List of stakeholders
|
| Chapter: VI |
| REALISATION OF ASSETS |
|
Regulation 31 |
: |
Manner of sale
|
|
Regulation 32 |
: |
Recovery of monies due
|
|
Regulation 33 |
: |
Liquidator to realize uncalled capital or unpaid capital contribution (Omitted)
|
| Chapter: VII |
| PROCEEDS OF LIQUIDATION AND DISTRIBUTION OF PROCEEDS |
|
Regulation 34 |
: |
All money to be paid in to bank account
|
|
Regulation 35 |
: |
Distribution
|
|
Regulation 36 |
: |
Return of money
|
|
Regulation 37 |
: |
Completion of liquidation
|
|
Regulation 38 |
: |
Final Report
|
|
Regulation 39 |
: |
Corporate Voluntary Liquidation Account
|
|
Regulation 40 |
: |
Detection of Fraud or Insolvency
|
|
Regulation 41 |
: |
Preservation of records
|
|
Regulation 41A |
: |
Filing of Forms
|
| Schedules |
|
SCH II |
: |
The formats contained in this Schedule are indicative in nature, and the liquidator may make such modifications to them as he deems fit in view of the facts and circumstances of the liquidation.
|
|
SCH I - FORM A |
: |
PUBLIC ANNOUNCEMENT
|
|
SCH I - FORM B |
: |
PROOF OF CLAIM BY OPERATIONAL CREDITORS EXCEPT WORKMEN AND EMPLOYEES
|
|
SCH I - FORM C |
: |
PROOF OF CLAIM BY FINANCIAL CREDITORS
|
|
SCH I - FORM D |
: |
PROOF OF CLAIM BY A WORKMAN OR EMPLOYEE
|
|
SCH I - FORM E |
: |
PROOF OF CLAIM BY AUTHORISED REPRESENTATIVE OF WORKMEN OR EMPLOYEES
|
|
SCH I - FORM F |
: |
PROOF OF CLAIM BY ANY OTHER STAKEHOLDER
|
|
SCH I - FORM G |
: |
Deposit of Unclaimed Dividends and/or Undistributed Proceeds
|
|
SCH I - FORM H |
: |
COMPLIANCE CERTIFICATE
|
|
SCH I - FORM I |
: |
Withdrawal from Corporate Voluntary Liquidation Account
|
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