Scribd
Upload
3K views2 pages

Form 66 Declaration of Solvency

The document is a Form 66 declaration of solvency under Section 257 of the Companies Act 1965. It contains: 1) A declaration by the directors of [Company Name] that after making inquiries into the company's affairs, they are of the opinion the company will be able to pay its debts in full within [time period] months from the commencement of winding up. 2) A statement of the company's assets and liabilities as of [date], showing the estimated realizable values of assets and liabilities expected to rank for payment. 3) The signatures of the directors declaring the document at a meeting held on [date] in [location].

Uploaded by

olingirl
Copyright
© Attribution Non-Commercial (BY-NC)
We take content rights seriously. If you suspect this is your content, claim it here.
Available Formats
Download as DOC, PDF, TXT or read online on Scribd
3K views2 pages

Form 66 Declaration of Solvency

The document is a Form 66 declaration of solvency under Section 257 of the Companies Act 1965. It contains: 1) A declaration by the directors of [Company Name] that after making inquiries into the company's affairs, they are of the opinion the company will be able to pay its debts in full within [time period] months from the commencement of winding up. 2) A statement of the company's assets and liabilities as of [date], showing the estimated realizable values of assets and liabilities expected to rank for payment. 3) The signatures of the directors declaring the document at a meeting held on [date] in [location].

Uploaded by

olingirl
Copyright
© Attribution Non-Commercial (BY-NC)
We take content rights seriously. If you suspect this is your content, claim it here.
Available Formats
Download as DOC, PDF, TXT or read online on Scribd
You are on page 1/ 2

FORM 66

Companies Act, 1965

Section 257

DECLARATION OF SOLVENCY
. (NAMA SYARIKAT)
We, .................................................................. of .................................................................
I/C Nos ..........................., and ..............................., of ................................. being *.........................
the directors of ................................................ (Nama Syarikat) and being present at a meeting of
the directors of the company, declare that
a) we have made an inquiry into the affairs of the company; and
b) at this meeting, we have formed the opinion that the company will be able to pay its
debts in full within a period of .................................. months from the commencement
of the winding up.
Attached hereto and signed by us is a true and correct statement of the company's assets
and liabilities as at the ............. day of ............................, 20........., being the latest practicable date
before the making of this declaration.

Declared at the above-mentioned meeting of directors held


at .................................................................. in the State of
.................................................. this ......................... day of
........................................, 20..........

....................................................
....................................................
....................................................
Directors

Companies Act, 1965


Section 257(2)
STATEMENT AS AT ....................., 20........., TO BE ATTACHED TO DECLARATION
OF SOLVENCY SHOWING ASSETS AT ESTIMATED REALIZABLE
VALUES AND LIABILITIES EXPECTED TO RANK
. (NAMA SYARIKAT)
Estimated to realize or to
rank for payment (to
nearest RM)

Assets and Liabilities

ASSETS:
Balance at bank . . .
...
...
...
...
Cash in hand . . .
...
...
...
...
Marketable securities
...
...
...
...
Bills receivable
...
...
...
...
...
Trade, debtors
...
...
...
...
...
Loans and advances
...
...
...
...
Unpaid calls
...
...
...
...
...
Stock in trade
...
...
...
...
...
Work in progress
...
...
...
...
Freehold property
...
...
...
...
Leasehold property
...
...
...
...
Plant and machinery
...
...
...
...
Furniture, fittings, utensils, & c.
...
...
...
Patents, trade marks, & c.
...
...
...
Investments other than marketable securities . . .
...
Other property, viz:
Estimated realizable value of assets
LIABILITIES: RM
Secured on specific assets, viz. :
Secured by floating charger(s)
Estimated expenses of winding up . . . . . .
Other estimated expenses, including interest accruing
until payment of debts in full . . . . . . . . .
Unsecured creditors (amounts estimated to
rank for payment) . . . . . . . . .
Trade accounts . . . . . . . . .
Bills payable . . . . . .
RM
Accrued expenses . . . . . .
Other liabilities:

...
...
...
...
...
...
...
...
...
...
...
...
...
...
...
... .

RM

RM

Contingent liabilities:
Total ...
Estimated surplus after paying debts in full

sen

RM

sen

Remarks .............................................................................................................................................
Dated this .................... day of ........................................, 20..........
.................................................
.................................................
.................................................
Directors
*Insert "all" or "a majority of".
Insert a period of months not exceeding twelve.
NOTE:
By virtue of section 257 (3) of the Companies Act, 1965, a declaration of solvency has no effect for the purposes of that
Act unless it is made within five weeks immediately preceding the passing of the resolution for voluntary winding up and
lodged with the Registrar of Companies before the date on which the notices of the meeting at which the resolution for the
winding up of the company is to be proposed are sent out.

You might also like