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Company Liquidation in the Netherlands

August 17, 2012, 5:40 pm
BridgeWest

BridgeWest handles all steps required for company liquidation in Netherlands . Please contact us via email or phone for appointing a liquidator to carry on the company dissolution, submitting the required application forms, dealing with the Court, closing the company's bank account or any other necessary activities for closing a business in Netherlands.  

Usually, the decision of Dutch company liquidation comes from the general meeting of the company’s shareholders and it’s based on a series of regulations provided by the law.

The standard procedure starts with the decision taken by the members of the company during a general meeting. The managers are dismissed and the liquidators and a custodian are appointed. The custodian has the role of keeping the company’s books and accounts.

The decision, along with the liquidator and custodian’s names, must be published in the Trade Register of the Chamber of the Commerce.

All the letters, documents, publications of the company must be signed with the name followed by the termination “in liquidatie”.

The liquidator has the duty of elaborating a final account and a distribution plan for the company’s assets (the last one in case there are more than one shareholder) and fill it with the Trade Register of the Chamber of Commerce and also deposit it at the company’s office.

The announcement regarding the company liquidation along with the details regarding the place where the final account and the distribution plan can be viewed, must be published in a national daily newspaper. This announcement is also made by the liquidator. In a period of two months after the publication all the claims regarding the reports must be submitted. After two months, the regulations from the plan of distribution can take place if there were no objections.

The books and the accounts of the company remain in the possession of the custodian for a period of at least seven years after the end of liquidation.

The Trade Register must be notified regarding the company liquidation end and also receive the name and address of the custodian where all the relevant reports were deposited.

If new assets are discovered after ceasing the activity, the Court may appoint a new liquidator and start a new process of liquidation.

The accelerated company liquidation process in Netherlands may take place if all the company’s creditors are known, if the list of the shareholders is short and if the beneficiaries ensure that if it’s necessary they will return the received assets.

The accelerated liquidation takes place after the decision of the Holland company liquidation, when there are no liabilities to pay to the creditors and all the debts are settled. During the two months since the announcement is made in the daily newspaper, the shareholders may ask to receive they’re part of shares. Only the competent Court may approve this decision.

The liquidator still needs to submit a plan of distribution and a final account.

Even though in such cases, no creditors are unknown, during the period of two months may appear claims against the plan of distribution. In such cases, the shareholders must return the assets in order to starts the re-distribution. If the creditor’s claim is not satisfied, the liquidator is personable liable for the losses.

The turbo company liquidation may be applied when the company doesn’t have any liabilities or assets and it’s based on the general meeting’s decision. The general manager must submit the decision to the Trade Register and all the accounts are kept for a period of seven years by a custodian.




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