Liquidating a fund
When this is the case, Apex Cayman will draft the necessary Board resolution to issue a single voting share so that the Special Resolution can be passed allowing the Company to enter into voluntary liquidation; Apex will draft this resolution at no additional cost.Step 4 – LIQUIDATOR’S CONSENT: The Liquidator will sign a consent form (to be filed with the Registrar of Companies) notifying the Registrar of the appointment.Apex Cayman will draft all necessary documents to accomplish a smooth and successful voluntary liquidation at no additional charge; including any documentation necessary to deregister with CIMA.
Step 3 – SPECIAL RESOLUTION: After the Directors have declared the company solvent, the voting/management shareholder of the Company will pass a Special Resolution to: Once the shareholder resolution has been passed, the Company will be in formal voluntary liquidation.
In some instances, the Company being liquidated may not have issued a voting/management share, or the voting/management share may have been repurchased.
Step 2 – DECLARATION OF SOLVENCY: At Apex we suggest that the Board of Directors hold a meeting to formally document the fact that the Directors have satisfied themselves that the Company is indeed solvent.
The Directors will then sign a Declaration of Solvency to be filed with the Registrar of Companies.
Click Here to contact Apex Cayman, or email Ken Stewart at [email protected]
The Apex Group is committed to going the extra mile and delivering more than standard administration services by providing a complete suite of products spanning the full value chain of a fund - to be available at any time throughout a funds lifecycle.
The Liquidator’s contact information will also be advertised at this time allowing any potential creditors the opportunity to submit any outstanding claims.
In some instances it may be necessary to advertise notices in other jurisdictions.
The team of professional liquidators have participated in (and acted as) voluntary liquidator for over 400 successful dissolutions of Cayman companies, Mutual Funds and Limited Partnerships.