What is Small Business Restructuring (under section 453 B Act )? This video outlines the Small Business Restructuring process, timelines, duties of Director and restructuring practitioner; and the benefits of such an appointment.
What is Small Business Restructuring (under section 453 B Act )? This video outlines the Small Business Restructuring process, timelines, duties of Director and restructuring practitioner; and the benefits of such an appointment.
In this video, you will discover the following key points:
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Introduction Director loans are common assets which liquidators identify once they are appointed liquidators of a company. As liquidators, we often see situations whereby the company is not making any profits and the directors use the company’s funds during a financial year to fund their personal lifestyle, thereby creating the
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