Consensual or voluntary liquidation of companies within the Investment Authority:-

The liquidation of companies within the Investment Authority has two stages :

The minutes of the meeting of the group of partners or the extraordinary general assembly of the company or the resolution of the owner of the one-person company (as the case may be) shall be submitted, including placing the company under liquidation, appointing or dismissing the liquidator specifying the tasks of the liquidator, the period of liquidation, and the remuneration of the liquidator.

Publication by placing the company under liquidation is carried out in the Companies Gazette and the Commercial Gazette.

The publication shall be made within a week from the date of notation by placing the company under liquidation in the commercial register at the expense of the company, and the publication must include the following:

The name of the liquidator, the period of liquidation and a summary of his mission.

The name of the company name coupled with a phrase under the description.

Commencement of the liquidator's receipt of requests for debt realization accompanied by supporting documents, provided that this date is at least one month later than the date of publication.

The representatives of the administrative authorities (customs - taxes - insurances) are notified that the company has become under liquidation, and these authorities must provide the Authority with a response within 120 days from the date of notification, and the expiration of that period without a response is considered as a discharge of the company under liquidation.

4- The month shall be done by placing the company under liquidation, the name of the liquidator and the liquidation period in the company's commercial register.

1- The minutes of the meeting of the group of partners, the ordinary general assembly of the company, or the resolution of the owner of the one-person company (as the case may be) shall be submitted, including:

- The final account of liquidation approved by the liquidator in accordance with the Egyptian accounting standards.

- An acknowledgment from the liquidator of the completion of the liquidation works, that he fulfilled the company's obligations, and distributed the liquidation proceeds to the partners or shareholders.

- Provide evidence of publication in the Companies Gazette and the Commercial Gazette.

- An acknowledgment by the partners or shareholders of the approval of the outcome of the liquidation works, and their receipt of all their rights.

- An acknowledgment by the liquidator that he is legally responsible for the outcome of the liquidation works.

- An acknowledgment from the liquidator of the place of keeping books and documents for a period of 10 years.

- A request to the Authority to approve the erasure of the company's registration under liquidation from the company's commercial register.

- An acknowledgment from the liquidator after receiving a response to the notifications sent to the representatives of the administrative authorities (taxes - customs - insurance).

2- The Authority shall deliver to the authorized person, agent or person concerned and under his responsibility a letter addressed to the competent commercial registry office approving the erasure of the company's registration under liquidation from the company's commercial register, and the commercial register shall erase the company's registration from the register, resulting in the dissolution of the company and the demise of its legal personality.

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