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Notification of Company Dissolution

 

The company is obligated to take all reasonable steps to notify potentially interested parties that it intends to dissolve itself.

The list of parties to which notification should be served would depend on the individual company and the parties who might have a stake in it.

Some obvious stakeholders would include shareholders and creditors who might want to exert influence whether or not the dissolution proceeds.

The rule of thumb is that the company should inform any party who might be in a position to object to the striking off once the process has begun.

Means of Notification

The means by which the company chooses to notify interested parties regarding its plans would be influenced by their number and perhaps the geographical distribution.

National media might be appropriate in certain situations, whereas in others, the company might be able to write to the parties on an individual basis.

The method selected to advertise the planned striking-off would not influence a third parties right to object to the dissolution at a later date. It might however be in the company’s best interests to hear from any dissenting voices before proceedings are initiated.

Post Application Notification

Once the company has completed Form DS01 and arrange for its submission, it should then send copies of the form to all creditors, shareholders and to people who work for it.

Again the company should adopt reasonable steps to ensure that the form reaches the intended recipient.

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