MVL CHECKLIST 06 CLOSURE

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Candace McDaniel
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MVL CHECKLIST 01 Pre Closure DELIVER email to cashier to CHECK that: A recent bank reconciliation has been done and that the balance(s) on IPS (or equivalent) is correct.

1 MVL CHECKLIST 01 Pre Closure DELIVER to cashier to CHECK that: A recent bank reconciliation has been done and that the balance(s) on IPS (or equivalent) is correct. All monies have been removed from interesting bearing accounts, applying final interest to the account The bank be informed that any final charges be allied to the account nsolvency egulation s 1994 DELIVER letter to HMRC requesting they confirm that they have no objection to closure of the case and tax clearance DELIVER letter to liquidator s insurer requesting they confirm that they have no objection to closure of the case DELIVER letter to liquidator s agent requesting they confirm that they have no objection to closure of the case DELIVER letter to liquidator s solicitors requesting they confirm that they have no objection to closure of the case DELIVER letter to liquidator s storage agent requesting they calculate existing costs of storage and future costs. DELIVER letter to ISA referring to recent distributions by the Liquidator and attaching a cheque representing payments to creditors which have not been cleared through the dividend account MVL CHECKLIST 1

2 MVL CHECKLIST 02 Closure S94 R5.9 R COMPLETE Certificate of Delivery and DELIVER final account to: The members INCLUDE within the final account: Letter enclosing final account Notice of Final account Statement regarding the liquidator s release from office DETAIL within the final account: Key Highlights The Liquidator s Actions during the Period Unrealisable Assets Payments to Creditors (to include secured creditors, preferential creditors and unsecured creditors) Distributions to Members Pre-Appointment Costs Liquidator s remuneration Professional Advisors Members Further Information Statutory Information Receipts and Payments Account Summary of Liquidator s Activities Realisation of Assets Creditors Cashiering Category 1 and 2 disbursements SIP 9 Time Cost Analysis To be sent within 14 days of the final account being drawn up Must give minimum of 8 weeks notice of a specified date on which the liquidator intends to deliver the final account MVL CHECKLIST 2

3 MVL CHECKLIST S94 S171 R5.10 R18.14 S Post Closure DELIVER final account and notice of final account to Registrar of Companies WHERE APPROPRIATE, DELIVER to the Registrar of Companies a notice of order deferring the date of dissolution in an MVL Sent to Registrar within 14 days of the date account was made up to Within 7 days after the making of the order MVL CHECKLIST 3

4 MVL CHECKLIST R Resignation CHECK that the criteria for the liquidator s resignation is satisfied Before resignation R5.6 DELIVER to the members of the Company: a letter convening a meeting for the members to consider whether a replacement should be appointed a notice of resignation summary of the liquidator s receipts and payments account. HOLD meeting of members to consider replacement The date of the meeting must be not more than 5 business days before the date the liquidator intends to give notice of resignation. S171(5) R5.6 DELIVER notice of liquidator s resignation in MVL to the Registrar of Companies MVL CHECKLIST 4

5 MVL CHECKLIST R5.12 R Loss of qualification DELIVER to Registrar of companies notice of loss of qualification DELIVER to Secretary of State notice of loss of qualification As soon as reasonably practicable As soon as reasonably practicable MVL CHECKLIST 5

6 MVL CHECKLIST R5.11 R Deceased liquidator DELIVER to one of the Company s directors notice that the liquidator has died and the date of death DELIVER to Registrar of Companies notice that the liquidator has died and the date of death Within 21 days of the liquidator s death Within 21 days of the liquidator s death MVL CHECKLIST 6

7 MVL CHECKLIST 08 Removal of liquidator by the Court FILE a report of any matters which the liquidator thinks ought to be drawn to the Court s attention. R5.7 OR APPEAR and be heard at Court R5.7 DELIVER to Registrar of Companies notice of removal of liquidator by court and a sealed copy of the order As soon as reasonably practicable MVL CHECKLIST 7

8 MVL CHECKLIST R Removal of liquidator by Company meeting DELIVER to Registrar of Companies notice of removal of liquidator by Company meeting As soon as reasonably practicable MVL CHECKLIST 8

NATIONAL FILM ARCHIVE OF INDIA MINISTRY OF INFORMATION AND BROADCASTING GOVT OF INDIA LAW COLLEGE ROAD, PUNE NOTICE INVITING TENDER

NATIONAL FILM ARCHIVE OF INDIA MINISTRY OF INFORMATION AND BROADCASTING GOVT OF INDIA LAW COLLEGE ROAD, PUNE 411004 NOTICE INVITING TENDER Ref No: 824/36/2014 - IFFI Dated: 12.10.2015 Sub: NOTICE INVITING