After Companies Winding Up

What happens after compulsory winding-up?

Publications Articles Winding Up

English Version

Versi Bahasa Malaysia

What happens after compulsory winding‑up?       

强制清盘后会发生什么?

Distribution of Assets

资产分配

From the assets of the wound up company (through a compulsory winding up) available to be distributed the unsecured creditors, the liquidator will:

清算人将从清盘公司资产(通过强制清盘)中可用于分配给无抵押债权人的部分:

-ensure that all the Federal Taxes, amounts owing to EPF and SOCSO are paid, after the Companies Winding Up Order.

-确保在公司清盘令下,支付所有联邦税,对马来西亚雇员公积金(EPF)和马来西亚社会保险机构(SOCSO)的总债务;

-ensure that all company contracts (including employee contracts) are completed, transferred or  otherwise brought to an end, after the Companies Winding Up Order;

-确保在公司清盘令下,所有公司合同(包括员工合同)均已完成,转让或终止;

-carry on the business with a view of eventually ceasing the company’s business, notwithstanding the Companies Winding Up Order;

-在有公司清盘令的情况下,以最终会终止该公司业务的想法而继续业务;

-settle any legal disputes, the liquidator may have to take legal advice to do that, after the Companies Winding Up Order;

-在公司清盘令下,清算人可能需要寻求法律意见以解决任何法律纠纷;

-sell any assets by Public Tender, Public Auction or Private Treaty;

-通过公开招标,公开拍卖或个人协议出售任何资产;

-collect monies owed to the company, the liquidator may have to take legal actions to do that; and

-清算人可能需要采取法律行动来收取所欠公司的款项;和

-distribute any funds to creditors (which is called a dividend) and returning share capital to the shareholders (any surplus after repayment of all debts and share capital can be distributed to members, that is, shareholders).

-将任何资金分配给债权人(称为股息,并将股本返还给股东(偿还所有债务和股本后的任何盈余都可以分配给成员,即股东)。

-whether the creditors will receive their claims in full will depend on the value of the assets realised by the liquidator.

-债权人是否将全额收到债权将取决于清算人所变现的资产价值。

The distribution will be on the basis of “Pari passu”.

分配将基于“ Pari passu”原则。

Definition of Pari Passu

Pari Passu的定义

Pari passu, a short definition: everyone receiving the same percentage.

Pari passu,一个简短的定义:所有人将得到相同的百分比。

Pari passu is a Latin phrase that literally means “on equal footing”.   In the Companies Winding Up sense, for the same class of creditors, each creditor will get the same percentage of their debts.   For example if there is a 10% distribution, the creditor that is owed RM2 million will get RM200,000 as dividend; the creditor  that is owed RM4 million will get RM400,000 as dividend;

Pari passu是拉丁语短语,可字面理解为“平起平坐”。从公司清盘的意义上来说,对于相同类别的债权人,每个债权人将获得相同比例的债权。例如,如果有10%的分配,被欠下200万令吉的债权人将获得20万令吉为股息;被欠下400万令吉的债权人将获得40万令吉为股息;

Dissolution

解散

After the distribution is completed the Liquidator or the Official Receiver, now known as the Director General of Insolvency applies to have the company removed from the register at Companies Commission of Malaysia and dissolved, which means the company ceases to exist.

分配完成后,清算人或官方受托人(现称破产部总干事)申请将该公司从马来西亚公司委员会的登记册中删除并解散,这意味着该公司不复存在。

“The Chinese  Version is a translation to the best efforts and if there is a conflict between the translation and the English version, please refer to the English version.”

“此版本是我们尽心的翻译,如翻译版本与英文版本存在冲突,请以英文版本为准。”

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