General Assemblies and Liquidation Procedures

General Assemblies

One of the indispensable elements of our commercial life is the Joint Stock Company, which is established as a legal entity. One of the end of the life of the established corporations is the liquidation of the company by establishing the liquidation conditions. All the assets of the company are converted to money, the receivables are collected, all the debts of the company to pay, tax and the remaining after the liquidation of the liquidation surplus to the shareholders of the company is paid at the rate of capital.