How to cancel liquidation of a company

The mandatory period for a company's liquidation is 12 months from the date of the resolution. It is then extended, if necessary, through the court, but not more than for subsequent 6 months.

At the same time, the liquidation procedure at any stage may be cancelled by a resolution of the participants and the appointment of a sole executive body (e.g., a general director).

Re-liquidation is possible only after 6 months from the date of state registration of the liquidation cancellation.

Cancellation may occur automatically, if the liquidation is not completed within 12 months.

An entry is made in the Unified State Register of Legal Entities (USRLE) on the expiry of the liquidation period and the information about the liquidation is removed. However, information on the liquidator remains in the USRLE, which must be changed by adopting a resolution to appoint a general director and entering the relevant information. The liquidator may be appointed as general director.