DIRECTOR’S DECLARATION [insert date]
WHEREAS, [list the names of the Directors here] are the duly appointed Directors (each a ‘Director’ and collectively, the ‘Directors’) of [insert DIFC entity’s name], a [Private / Public] company registered and organized in the Dubai International Financial Centre (the ‘Company’) under the Companies Law, DIFC Law No. 5 of 2018; and
WHEREAS, the Directors have determined that it is in the Company’s best interest to be Wound up and the reason for this decision is due to [state the reasons for dissolution]; and
WHEREAS, in furtherance of the above mentioned determination, the Directors hereby make the following declaration:
DECLARED, that, having made a full inquiry into the Company’s affairs and that, having done so, the Directors formed the opinion that:
(a) The Company is not in operation and is not carrying on business for which it was registered; and
(b) The Company has no outstanding payments to make to creditors, employees or other third parties, other liabilities or is in breach of current contractual arrangement with third parties.
(c) In case of any claims the Co...