Commercial Companies Law

Commercial Companies Law — Article 58

If the final report and the final statement of accounts are not approved, the liquidator may present to the competent court the aspects of difference and request the invalidation of the rejection resolution. The liquidator shall file a copy of the judgement issued in the claim, with the Registrar within fifteen (15) days of the date of its issuance. If the judgement issued invalidates the resolution of the partners or shareholders and confirms the completion of the liquidation, it must be published in accordance with the second paragraph of Article 57 of this Law, and the Registrar must delete the registration of the company as from the date of filing of the judgement. If the judgement issued approves the resolution of the partners or the shareholders, the liquidator may be removed and another one be appointed for completion of the liquidation works.

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