![]() ![]() ![]() ![]() If creditors resolve that the administration should end, you regain control of the company and are responsible for ensuring that the company pays its outstanding debts as they fall due. The deed can be terminated by the court, your creditors, or when circumstances specified in the deed have occurred. When the deed is terminated, you regain control of your company, unless the deed provides for the company to go into liquidation. If a DOCA is executed, your powers as director will depend on the terms of the deed. advertise in at least 1 newspaper in circulation in the area where the business is located, andĬontrol of your company after administration.Once the deed is agreed, the deed administrator must: If the deed is not agreed to within the specified time period, the administrator must publicly advertise that fact, advise us, and apply to have a liquidator appointed. A deed administrator must be a licensed insolvency practitioner. The deed administrator can be the same person acting as the administrator. The deed administrator must prepare a document that sets out the proposed terms of the DOCA. The company agrees to use the words ‘subject to deed of company arrangement’ after its name. not to take any further action against the company.to the terms in the deed, which can include forgiving some of the company's debts, and.The company, its creditors, directors, officers, shareholders and the deed administrator are bound by the terms of the deed, which includes a list of all claims against your company at the date it's put in place.Įveryone who votes in favour of the deed at the watershed meeting must agree: Visit the website and subscribe for email alerts for announcements. A Deed of Company Arrangement (DOCA) is an agreement that aims to save your company and minimise the losses of creditors. Our new Infrastructure Funding website will be used to provide up-to-date information on drinking water, wastewater and stormwater programs related to the American Rescue Plan Act of 2021 and the Infrastructure Investment and Jobs Act of 2021. ![]()
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