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GOVERNMENT GAZETTE OF REPUBLIC OF NAMIBIA N$11.20WINDHOEK 31 March 2023 No. 8059Advertisements PROCEDURE FOR ADVERTISING IN THE GOVERNMENT GAZETTE OF THE REPUBLIC OF NAMIBIA1. The Government Gazette
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How to fill out liquidation and distribution
How to fill out liquidation and distribution
01
Determine the assets and liabilities of the company.
02
Prepare a plan for selling off assets and paying off debts.
03
Distribute remaining assets to shareholders according to their ownership stakes.
04
File final tax returns and dissolve the company with the appropriate government agencies.
Who needs liquidation and distribution?
01
Companies that are closing down or going out of business.
02
Companies that are restructuring or reorganizing their operations.
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What is liquidation and distribution?
Liquidation and distribution is the process of selling off assets and distributing the proceeds to creditors or shareholders in order to wind up a company's affairs.
Who is required to file liquidation and distribution?
The company's directors or appointed liquidator is required to file liquidation and distribution.
How to fill out liquidation and distribution?
Liquidation and distribution forms must be completed accurately and submitted to the relevant regulatory authorities.
What is the purpose of liquidation and distribution?
The purpose of liquidation and distribution is to efficiently dissolve a company while ensuring fair treatment of creditors and shareholders.
What information must be reported on liquidation and distribution?
Information such as list of assets, liabilities, creditors, and proposed distribution plan must be reported on liquidation and distribution.
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