Companies winding Up Insolvency
持续经营或拆解出售 Why is it more worthwhile to sell the company as a going concern rather than selling the assets as scrap? To discuss this question, we need to know what sale of going concern and sale of assets are as well as how these two different with each other. 为什么以持续经营来出售公司比将公司拆解出售资产更有价值？ 为了讨论这个问题Read More…
Versi Bahasa 中文版 The Petitioner must file an affidavit verifying all the facts in the petition, if the petitioner is a company by an officer of the company otherwise it should be affirmed/ signed by the petitioner himself, if it an individual. This Affidavit Verifying the Companies Winding Up Petition, must be filed within 4 days of the filing of the Companies Winding UpRead More…
中文版 Why is it more worthwhile to sell the company as a going concern rather than selling the assets as scrap? To discuss this question,
we need to know what sale of going concern and sale of assets are as well as
how these two different with each other. Going concern is a business which is
still operating. AccordinRead More…
You Can Issue a Demand but you must wait 6 months to sue Versi Bahasa Malaysia 中文版 Nuclear Bomb 1 During the Movement Control Order (MCO), on April 10, 2020, our Minister of Domestic Trade and Consumer Affairs, the Honourable Datuk Alexander Nanta Linggi struck a nuclear bomb into the hearts of millions of creditors in the country: you can issue a StatuRead More…
Must I obtain a Judgment BEFORE filing a winding up petition against my debtors? “Versi Bahasa Malaysia” This is one of the most frequently asked questions. A short answer is no. The provision of section 218 of the Companies Act 1965 and the new sections 466 and 467 of the Companies Act 2016 did not provide that a judgment must be obtained prior to filing of a Winding Up Petition. Read More…
Compulsory Winding-up
“Versi Bahasa Malaysia”
中文版 Compulsory winding-up insolvency liquidation in Malaysia is pursuant to section 218 of the Act. It is a legal process by which the Official Receiver, now known as the Director General of Insolvency or a liquidator is appointed by an order of the court to ‘wind up’ the affairs of a limited company, Sdn Bhd or a Berhad. At the end of Read More…
Versi Bahasa Malaysia
中文版
Distribution of Assets
From the assets of the wound up company (through a compulsory winding up) available to be distributed the unsecured creditors, the liquidator will: ensure that all the Federal Taxes, amounts owing to EPF and SOCSO are paid, after the Companies Winding Up Order. ensure that all company contracts (including employee contracts) are compRead More…
How do I wind up a company?
Versi Bahasa Malaysia
Chinese Version
If a company owes you money and has failed, refused (do not want to) or neglected (forgot) to pay the debt, you may apply to wind it up by presenting a petition to court pursuant to section 218(1)(e) of the Act. Related article “How to Get Paid By Winding Up Your Debtors!” A winding-up petition of this type is usually presented byRead More…
Some General Information about winding up your debtors company in Malaysian court:
Versi Bahasa Malaysia
Chinese Version how to wind up a company that owes you money in court; what is compulsory winding up instead of voluntary winding up; what is Pay Up or Wind Up… what happens after winding up; This is only a guide. Please do not rely on it without seeking your own legal or fiRead More…