Liquidator appointment letter

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CA SONIYA AGARWAL (Querist)
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26 November 2014 Can any one please share format of appointment letter as well as acceptance letter to become liquidator in members' voluntary winding up..

waiting for your replies

Thanks

Asha Kanta Sharma

Asha Kanta Sharma

(Expert)
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02 August 2024 Certainly! Here are sample formats for an **Appointment Letter** and an **Acceptance Letter** for a liquidator in the context of a members' voluntary winding up of a company.

### 1. **Appointment Letter for Liquidator**

**[Company Letterhead]**

**Date:** [Insert Date]

**To,**
**[Name of the Liquidator]**
**[Address of the Liquidator]**

**Subject: Appointment as Liquidator**

Dear [Name of the Liquidator],

We are pleased to inform you that at the General Meeting of Members held on [Date], it was resolved to appoint you as the Liquidator for the members' voluntary winding up of [Company Name], a company incorporated under the Companies Act, 1956/2013, with its registered office at [Company's Address].

Your appointment is in accordance with the provisions of the Companies Act, [year], and you are required to undertake the following responsibilities:

1. **Liquidation Process**: To conduct and complete the winding up of the company's affairs as per the legal requirements.
2. **Asset Realization**: To realize and distribute the assets of the company among the creditors and shareholders.
3. **Compliance**: To ensure compliance with all statutory requirements during the liquidation process.
4. **Reports**: To submit progress reports and final accounts to the Registrar of Companies and other authorities as required.
5. **Communication**: To keep the members informed about the progress of the winding up.

Your term as Liquidator will commence from [Date] and will continue until the completion of the winding up process.

We trust that you will discharge your duties with diligence and integrity.

Yours sincerely,

**[Name]**
**[Designation]**
**[Company Name]**
**[Address]**

### 2. **Acceptance Letter by Liquidator**

**[Liquidator’s Letterhead]**

**Date:** [Insert Date]

**To,**
**[Name of the Company]**
**[Company’s Registered Office Address]**

**Subject: Acceptance of Appointment as Liquidator**

Dear [Name of the Company],

I acknowledge receipt of your letter dated [Date] appointing me as the Liquidator for the members' voluntary winding up of [Company Name]. I am writing to formally accept the appointment as Liquidator.

I understand and agree to undertake the responsibilities as outlined in your letter, including but not limited to:

1. Conducting the winding up of the company's affairs in compliance with the provisions of the Companies Act, [year].
2. Realizing and distributing the assets of the company as per the statutory requirements.
3. Ensuring compliance with all legal obligations and submitting necessary reports to the Registrar of Companies and other authorities.

I confirm that I am willing and able to fulfill these duties and undertake the liquidation process in accordance with the applicable laws and regulations.

Please find enclosed my consent to act as Liquidator along with the requisite documentation as required.

Thank you for your trust in appointing me as Liquidator. I look forward to working closely with you to ensure a smooth and effective winding up of the company.

Yours sincerely,

**[Name of the Liquidator]**
**[Qualification/Designation]**
**[Address]**
**[Contact Information]**

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### **Notes:**
1. **Legal Compliance:** Ensure that the formats comply with the relevant provisions of the Companies Act applicable to the jurisdiction and the specific requirements of the liquidation process.
2. **Customizations:** You may need to adjust the content according to the specific needs and circumstances of the company and the liquidator.
3. **Professional Advice:** It’s advisable to consult with legal professionals to ensure that the documents are accurate and comply with legal requirements.