DECLARATION OF SOLVENCY
Section 305 of the Companies Act, 2013 read with Section 59(3)(a) of the Insolvency and Bankruptcy Code, 2016 (Voluntary Liquidation)
We, the majority of the directors of [Company Name], CIN [CIN], having its registered office at [Registered Office Address], do hereby declare that:
- We have made a full inquiry into the affairs of the Company and have formed the opinion that the Company has no debt, or that it will be able to pay its debts in full from the proceeds of assets sold in the voluntary liquidation.
- The Company is not being liquidated to defraud any person.
- This declaration is accompanied by the audited financial statements and record of business operations of the Company for the previous [two/period] years and a report of the valuation of the assets of the Company prepared by a registered valuer.
The Company will be able to pay its debts in full within a period not exceeding [number] months from the commencement of the voluntary liquidation.
Signature: __________________
Director Name: [Director 1 Name]
DIN: [DIN]
Director Name: [Director 1 Name]
DIN: [DIN]
Signature: __________________
Director Name: [Director 2 Name]
DIN: [DIN]
Director Name: [Director 2 Name]
DIN: [DIN]
Place: [Place]
Date: [DD/MM/YYYY]
Date: [DD/MM/YYYY]