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"content": "There is also liquidation. This Bill provides that when a company is being liquidated, every present and former member, including directors, former directors, shareholders and former shareholders become liable. The introduction of this part was timely because in most cases, people sell companies or they transfer shares and forget what happens to those companies. Some people are mischievous. When they own a company, they want to do everything to run it down, sell it or transfer it. The people who inherit it find that they had left several issues behind. The Bill introduces a situation where, whether you are a former director or former shareholder, you will still be held liable for anything that happens to the company."
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