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Provisional liquidation is a process which exists as part of the corporate insolvency laws of a number of common law jurisdictions whereby after the lodging of a petition for the winding-up of a company by the court, but before the court hears and determines the petition, the court may appoint a liquidator on a "provisional" basis. [1]
In most jurisdictions, a liquidator's powers are defined by statute. [3] Certain powers are generally exercisable without the requirement of any approvals; others may require sanction, either by the court, by an extraordinary resolution (in a members' voluntary winding up) or the liquidation committee or a meeting of the company's creditors .In the United Kingdom, see sections 165-168 of the ...
Having wound-up the company's affairs, the liquidator must call a final meeting of the members (if it is a members' voluntary winding-up), creditors (if it is a compulsory winding-up) or both (if it is a creditors' voluntary winding-up). The liquidator is then usually required to send final accounts to the Registrar and to notify the court.
Singapore will raise the salary criteria for foreign executives and professionals that companies can hire starting next year, the government announced on Monday. From January next year, foreigners ...
A company limited by guarantee (CLG) is a type of company where the liability of members in the event the company is wound up is limited to a (typically very small) amount listed in the company's articles or constitution. [1] Most have no share capital, although rare exceptions exist.
The company started initially as Hydrochem (S) Pte Ltd in 1989 [3] with a start-up capital of S$20,000 and three staff, selling water treatment systems. [4] [5]By January 2001, Hyflux had become the first water treatment company to be listed on SESDAQ, and was upgraded to the Singapore Exchange's Mainboard in April 2003.
The registration information was made available on the company's website, www.1mdb.com.my. During 2013, 1MDB was in the spotlight again when it applied for a six-month extension for the publication of its annual report that was supposed to be filed with the Companies Commission of Malaysia (CCM) by 30 September 2013. In the meantime, the change ...
Church services ceased to be an official part of the ceremony when Singapore joined the Federation of Malaysia in 1963, [62] though members of the legal profession continued to attend special services in an unofficial capacity. [63] Following Singapore's full independence in 1965, the ceremony became known as the Opening of the Legal Year. [64]