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What are the main functions of a company liquidator in KSA?

When there is one of the reasons that a company must cease to exist either by law or by administrative decisions, a liquidator has some duties and comes to conduct certain procedures.what are there?

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Question added by Muqrin Almutairi , Legal Adivisor , STC
Date Posted: 2016/02/09
Daniel  Otieno Aguko
by Daniel Otieno Aguko , Senior Lecturer , Beam International Training Centre

By sharing all what the company make as the profit or loose.

Shabani Kasenge Abdallah
by Shabani Kasenge Abdallah , Computer Technician , Pwani Data Care

  • Sell the company’s assets; pay the company’s debts in the order the law states;
  • Give any remaining money to the members in line with their entitlements;
  • Carry on the business of the company so far as may be necessary for the beneficial winding up of the company;
  • Do all acts and to execute, in the name and on behalf of the company, all deeds, receipts and other documents, and for that purpose, to use, when necessary, the company’s seal;

Vikas Bachhuka
by Vikas Bachhuka , Sales Manager - Tire, Lubs & Batteries , ALI ALGHANIM & SONS AUTOMOTIVE CO.

1) Duties of Notice

2) Duty to keep certain financial and administrative records3) Duty To Hold Meetings 4) Duty Of Providing Information 5) Duty to examine the conduct of officers of the company 6) Duty to recover and realize the company's assets.

mritunjay singh
by mritunjay singh , EXCUTIVE , GATI LOGISTIC LTD

My job profile was logistic handling inbound. loading and unloading opening stock and closing stock preparation updating daily to daily making paper work.

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