Assertion: close corporation | /r/HasProperty | liquidated
Facets:
Source sentences:
text: b) The Close Corporation is liquidated
text: If the Close Corporation is insolvent and it has to be liquidated it will be deregistered as soon as the final liquidation order has been granted by the High Court.
text: A business can be referred for deregistration upon request from the company or close corporation or any other third party, provided that the company or close corporation has ceased to carry on business; and has no assets or, because of the inadequacy of its assets, there is no reasonable probability of the company or close corporation being liquidated.
text: Has no assets, or because of the inadequacy of its assets, that there is no reasonable probability of the close corporation being liquidated (if third party, the statement must be supplemented with sufficient documentary proof confirming the statement);
text: the company or close corporation may voluntary decide to be liquidated.