3/27/23, 8:37 AM https://www.almeezan.qa/PrintArticle_section.aspx?

LawTreeSectionID=13103&language=en&lawId=3984

 The liquidator shall, within three months of assuming his duties and in
collaboration with the auditor of the company, if any, carry out a stock take of
the company assets and deductions therefrom. The managers or the Board of
Directors shall provide the liquidator with the company accounts, ledgers,
documents and any requested explanations. The liquidator shall provide the
partners with any explanations or statements about the status of the liquidation.

Should liquidation continue for more than one year, the liquidator shall prepare a
balance sheet, profit and loss account and a report on the liquidation process.
These documents shall be submitted to the partners or the general assembly or
the court, as the case may be, for approval in accordance with the company
Memorandum and Articles of Association.

In all cases, the liquidation term shall not exceed three years unless a resolution
to this effect is issued by the court or the Minister.

Article 308 

 Upon settlement of company debts, the liquidator shall return to the partners the
value of their cash sales in the capital and the remaining company assets shall be
distributed among the partners pro rata to their respective shares in the profit.

Unless otherwise provided for in the company Memorandum of Association, the

material assets of the company shall be distributed in partitions among the
partners. Applicable provisions pertaining to dividing common funds shall apply,
unless the Memorandum of Association stipulates otherwise.

Article 309 

 If the net assets of the company are insufficient to settle the shares of the
partners completely, the loss shall be distributed among them as per the
percentage determined for distributing the losses.

Article 310 

https://www.almeezan.qa/PrintArticle_section.aspx?LawTreeSectionID=13103&language=en&lawId=3984 5/6