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Liquidation of companies
Accountancy
In liquidators final statement of accounts; how to distribute the balance amount available to equity shareholders.
Answers (1)
Bro, first distribute the available amount for legal expenses, liquidators remuneration, liquidation expenses, secured creditors debenture holders secured by floating charge, preferential creditors, unsecured creditors and preference shareholders and finnally you can distribute to equity shareholders, but if there is any deficiency then, you can see if there is any unpaid shares and those can be called up and then the surplus amount which will be available after call can be distributed to equity shareholders.
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