IKE partners' resolution to dissolve and liquidate the company (Greece)

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The minutes by which the partners of a Greek private company (IKE) dissolve it, put it into liquidation and appoint a liquidator: the liquidator's details with father's name and AFM, pay, the work from the opening balance sheet to the distribution, the signature accepting the role and authority to file with GEMI. Dissolution needs 2/3 of all the shares, at a meeting called on 8 days' notice or in minutes signed by every partner, and takes effect from its announcement in GEMI. The liquidation ends with a second resolution, approving the closing balance sheet.

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Common questions

From when does the dissolution of an IKE take effect?

From the announcement of the resolution in GEMI, not from the day it is signed, which is why the person it authorises should file it without delay. From then on the company exists only for the purposes of the liquidation, and carries the words 'in liquidation' (ypo ekkatharisi) after its name until the liquidation is complete.

What majority is needed to dissolve an IKE?

At least two thirds of all the company's shares, not just of those present: dissolution is one of the decisions in art. 68(2) of Greek Law 4072/2012 that need the higher majority of art. 72(5). The articles may require more, so read them first. The decision is taken at a meeting called on 8 days' notice, or without a meeting if every partner signs the minutes, and the document records how many shares voted for it.

Who can be appointed liquidator of an IKE, and what does the liquidator do?

The partners choose the liquidator: often the outgoing manager or a partner, but it may also be an outsider, such as the company's accountant. If neither the articles nor the partners name anyone else, the manager carries out the liquidation. The liquidator represents the company during the liquidation, finishes pending business, collects what is owed, pays the creditors and shares out what remains among the partners. The liquidator signs the minutes to accept the appointment.