BRITISH VIRGIN ISLANDS - Mossack Fonseca & Co.

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(c) the person to be appointed voluntary liquidator has not
consented in writing to his appointment;
(d) the directors of the company have not made a declaration of
solvency complying with section 198; or
(e) the directors have not approved a liquidation plan under section
198(1)(b).
(2) A resolution to appoint a voluntary liquidator under this Part in the
circumstances referred to in subsection (1) is void and of no effect.
(3) Where a voluntary liquidator is appointed under this section, the
directors or the members, as the case may be, shall, as soon as
practicable, give the liquidator notice of his appointment
204. (1) Where a voluntary liquidator is appointed under section 199 the
liquidator shall,
(a) within fourteen days of the commencement of the liquidation,
file the following documents:
(i) a notice of his appointment in the approved form,
(ii) the declaration of solvency made by the directors, and
(iii) a copy of the liquidation plan; and
(b) within thirty days of commencement of the liquidation, advertise
notice of his appointment in the manner prescribed.
(2) Subsection (1)(a)(ii) does not require the liquidator to file the statement
of the company’s assets and liabilities required under section 198(2)
to be attached to the declaration of solvency, although the statement
may be filed.
(3) A copy of the declaration of solvency, with the statement of the
company’s assets and liabilities attached, must be kept at the office of
the registered agent of the company.
(4) A company that contravenes subsection (3) commits an offence and is
liable on summary conviction to a fine of $5,000.
AE/ET/Pub./bg/03.2007
Notice and
advertisement
of liquidation.
12/2006
12/2006
12/2006
12/2006