The voluntary liquidation of a company is a procedure which is performed by the company’s members/shareholders or creditors.

A voluntary liquidation is a self-imposed wind-up and dissolution of a company that has been approved by its shareholders. I.S.INTER SUPPORT MANAGEMENT SERVICES LTD, on behalf of the shareholders, will arrange the appointment of a liquidator in order to carry out the liquidation process.

More particularly this procedure requires: 

·         Submission of documents informing the Registrar of companies that the company has been placed into members’ voluntary liquidation. 

·         Publication of the Decision for voluntary Liquidation by members of the Company 

·         It is important that the company that goes under voluntary liquidation must have settled all company creditors and therefore all its tax liabilities.

·         Preparation of statement giving details to shareholders regarding how the property and assets of the company were disposed off. 

On the other hand, the Compulsory liquidation of a company is performed by a Court’s    decision. In this case, where it is required to follow a Court procedure, I.S.INTER SUPPORT MANAGEMENT SERVICES LTD closely cooperating with qualified lawyers to facilitate its clients.