COMPANY LIQUIDATION

SERVICE DESCRIPTION

Supervision of the liquidation of the Company and judicial management where a company is under judicial management through the appointment of Liquidators and Judicial Managers, chairing of the meetings of Creditors and judicial management.

HOW DO I OBTAIN THE SERVICE?

As soon as a Company has been placed under liquidation application must be made to the master for the appointment of a provisional liquidator or liquidator as ordered by court.  If the Company has been placed under judicial management application will be made to the master fro a certificate authorizing the judicial manager to take up that office.

HOW DO WE APPLY FOR THE SERVICE?

Once a liquidator, or judicial manager has been appointed they take over the administration of the Company and all enquiries must be forwarded to them.  Any other issues must be brought to the two statutory meetings of creditors for discussion and resolution.

COSTS INVOLVED

Costs for the liquidation of the company are part of the costs of liquidation and must be included in the liquidation and distribution account as the master’s fee.  Liquidators fees will be approved by the creditors at the creditors meetings.

WHERE DO I GET MORE INFORMATION?

Master’s Office Gaborone

Private Bag BR 293

GABORONE

Tel:  +3956339

Master’s Office Francistown

High Court Francistown

Private Bag F13

FRANCISTOWN

Tel:  +267-2412125