Liquidation Unit

The Liquidation and Deregistration Section is responsible for reviewing liquidation and deregistration applications and related meeting minutes for all types of companies, following up on legal procedures, and processing matters related to liquidators and companies under liquidation.

• Reviewing minutes submitted for the liquidation of all types of companies.
• Reviewing applications submitted for the deregistration of all types of companies.
• Auditing liquidation transactions upon completion of the statutory period, including the publication of notices, submission of clearance certificates, and liquidation reports.
• Following up on correspondence received from official entities concerning companies under liquidation.
• Reviewing applications submitted by liquidators to convert voluntary liquidation into compulsory liquidation under the supervision of the court.
• Updating the legal status of companies based on correspondence received from the court.
• Reviewing minutes related to the removal of a liquidator.
• Responding to inquiries received from the Department's sections.
• Performing any other duties assigned by the Directorate Director.

The Liquidation Compliance Section is responsible for monitoring companies under liquidation, overseeing liquidators' compliance with the Companies Law and official circulars, reviewing reports and extension requests, and preparing studies, reports, and recommendations related to liquidation compliance.

• Following up on companies placed under compulsory or voluntary liquidation.
• Monitoring companies under liquidation and the liquidator's compliance with the provisions of the law.
• Monitoring liquidation activities and preparing compliance reports.
• Following up on the work of liquidators and the procedures they carry out, and assessing their compliance with the Companies Law and the official circulars issued by the Companies Control Department.
• Preparing financial and legal studies on companies under liquidation to assess their compliance with the Companies Law and the official circulars issued by the Companies Control Department.
• Reviewing periodic reports, progress reports, and extension requests submitted to the Department by liquidators.
• Reviewing and monitoring companies under liquidation.
• Preparing periodic reports and statistics on companies under liquidation.
• Following up on observations and complaints received by the Liquidation Unit and taking the necessary legal action.
• Preparing correspondence to liquidators regarding the required procedures and the need to complete the liquidation proceedings.
• Recommending that companies which fail to comply with the Companies Law and the official circulars issued by the Companies Control Department, and which fail to respond after being notified, be placed under compulsory or court-supervised voluntary liquidation.
• Reviewing applications submitted by the entities specified in the Companies Law regarding the conversion of companies under liquidation to compulsory or court-supervised voluntary liquidation.
• Performing any other duties assigned by the Directorate Director.