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Law No: 10/96 (An Unofficial Translation)
Persons who may petition for a winding-up order
81. (a) A member of the company, or a creditor of the company or the registrar of companies may petition to the court for the winding up of the company as stated in section 80 of this Act.
(b) If a petition is made to the court by a person stated in sub-section (a) of this section the court shall examine the petition and if in the opinion of the court the company should be wound up it shall appoint a person or persons to wound up the company and shall order the company to provide to the person or persons so appointed with the balance sheet, details of the assets, liabilities, other obligations of the company, names and addresses of the creditors of the company and if a creditor’s credit is secured by a mortgage over the assets of the company details of any such mortgage.
Notification of the person appointed to the registrar of companies
82. The court shall notify the registrar of companies details of the person or persons appointed to wind up the company within seven days of the appointment.
Notice of the winding up of the company
83. Upon commencement of the winding up process by the person or persons appointed by the court as stated in section 81 (c) of this Act notice of it shall be given by a public announcement.
