Before the appointment, it must be clarified which corporate body has the authority to appoint the person. The resolution should identify the liquidator using clear identifying details. The start date, scope, and any restrictions on the authority to represent the company should also be recorded. If several liquidators are appointed, it must be clearly specified whether they may represent the company individually or only jointly. The appointed person needs access to company records, accounts, contracts, lists of receivables, and asset statements to the extent required for the winding-up. Responsibilities for creditor contacts, asset realization, payments, bookkeeping, and registry filings should be assigned in writing. Existing representation arrangements for the management must be reconciled with the new winding-up representation. The appointment must be consistent with the liquidation resolution and the other registry documents. Changes to the liquidator’s identity or authority must also be documented clearly and, where required, updated in the company register. An orderly handover ensures that ongoing matters can be handled after the liquidation begins without uncertainty over responsibilities.
Appointment of a Liquidator for a Company in Georgia
During the liquidation of a company in Georgia, the liquidator handles the company’s winding-up representation within the defined scope. The appointment, start of duties, and authority to represent the company must be clearly resolved, documented, and aligned with the information submitted to the company register.
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