I’m a shareholder of a company that has entered liquidation. When will I receive a report from the liquidator regarding the progress of the liquidation?
Lawyer Answers (1): Answers from lawyers are general preliminary responses. They are not formal legal advice and cannot taken account of all your circumstances. They do not create a lawyer–client relationship.
Answer by Kelly Angus, Adelaide 5000 SA
- Liquidators are not required to keep shareholders updated on the status of the liquidation.
- You may wish to seek tax advice regarding the effect of the liquidation on your shareholding.