Bussiness Glossary

IRAS (Inland Revenue Authority of Singapore)

IRAS (Inland Revenue Authority of Singapore) The tax authority in Singapore responsible for the administration and enforcement of tax laws, including corporate tax obligations of companies in liquidation. Guardian Advisory – Singapore Insolvency Practitioner Your trusted partner in restructuring and liquidation services in Singapore. We provide restructuring advisory services and are approved liquidators in Singapore. […]

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Insolvency Practitioner

Insolvency Practitioner A licensed professional authorized by ACRA to act as a liquidator or administrator in insolvency proceedings. Insolvency practitioners possess specialized knowledge and expertise in corporate insolvency law. Guardian Advisory – Singapore Insolvency Practitioner Your trusted partner in restructuring and liquidation services in Singapore. We provide restructuring advisory services and are approved liquidators in

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Final Meeting

Final Meeting The concluding meeting of creditors and shareholders in a liquidation process, where the liquidator presents a final account of the company’s affairs. Guardian Advisory – Singapore Insolvency Practitioner Your trusted partner in restructuring and liquidation services in Singapore. We provide restructuring advisory services and are approved liquidators in Singapore. TALK TO US TODAY!

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Dividend

Dividend A payment made to creditors from the proceeds of the realization of assets in a liquidation process. Guardian Advisory – Singapore Insolvency Practitioner Your trusted partner in restructuring and liquidation services in Singapore. We provide restructuring advisory services and are approved liquidators in Singapore. TALK TO US TODAY!

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Dissolution

Dissolution The formal conclusion of a company’s existence following the completion of the liquidation process. Guardian Advisory – Singapore Insolvency Practitioner Your trusted partner in restructuring and liquidation services in Singapore. We provide restructuring advisory services and are approved liquidators in Singapore. TALK TO US TODAY!

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Debenture Holder

Debenture Holder A creditor who holds a debenture, which is a document that acknowledges a loan or debt owed by a company and typically grants the holder a charge over the company’s assets. Guardian Advisory – Singapore Insolvency Practitioner Your trusted partner in restructuring and liquidation services in Singapore. We provide restructuring advisory services and

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Creditors’ Voluntary Liquidation (CVL)

Creditors’ Voluntary Liquidation (CVL) A voluntary liquidation initiated by the creditors of an insolvent company to wind up its affairs and realize its assets for distribution among creditors. Guardian Advisory – Singapore Insolvency Practitioner Your trusted partner in restructuring and liquidation services in Singapore. We provide restructuring advisory services and are approved liquidators in Singapore.

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Compulsory Liquidation

Compulsory Liquidation A court-ordered liquidation initiated by a creditor, shareholder, or regulatory authority to wind up the affairs of an insolvent company. Guardian Advisory – Singapore Insolvency Practitioner Your trusted partner in restructuring and liquidation services in Singapore. We provide restructuring advisory services and are approved liquidators in Singapore. TALK TO US TODAY!

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Committee of Inspection

Committee of Inspection A committee appointed by creditors or members to oversee the conduct of the liquidation process and provide directions to the liquidator. Guardian Advisory – Singapore Insolvency Practitioner Your trusted partner in restructuring and liquidation services in Singapore. We provide restructuring advisory services and are approved liquidators in Singapore. TALK TO US TODAY!

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Charge (Lien) on Assets

Charge (Lien) on Assets A legal right or interest granted to a creditor over specific assets of a company as security for the repayment of a debt, typically created by a debenture or other security instrument. Guardian Advisory – Singapore Insolvency Practitioner Your trusted partner in restructuring and liquidation services in Singapore. We provide restructuring

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