Liquidation of the NGO

Public association may be liquidated by the relevant decision made by its supreme management body, or through voluntary dissolution or by a court judgment on prohibition (compulsory dissolution) of such public association.

Public association is entitled to decide at any moment on termination of its operation in accordance with the procedure stipulated with its charter. Supreme management body of a public association appoints a liquidation commission or assigns a governing body to exercise authorities of a liquidation commission in order to terminate a public association as a legal entity, and also decides on use of funds and property belonging to the public association upon its liquidation in accordance with the charter.

Public association submits a decision on voluntary dissolution together with a package of documents required by law to the competent registration authority.

If the submitted documents comply with the legal requirements and the public association’s charter, the competent registration authority makes a respective entry to the Unified State Register of Legal Entities and Natural Persons-Entrepreneurs and enters data on the decision made by the public association on voluntary dissolution to the Public Association Register.

In case of any violations and incompliance with the law are revealed in the submitted documents, a decision is made on refusal to acknowledge the decision on voluntary dissolution of the public association. A copy of such decision is issued to the public association not later than the following day of such decision. In case of refusal to acknowledge the decision on voluntary dissolution of the public association, such decision becomes void.

Since the date of entry to the Unified State Register of Legal Entities and Natural Persons-Entrepreneurs on the decision made by the public association on voluntary dissolution, a procedure of terminating a public association as a legal entity is initiated, and a liquidation commission is conferred upon with the relevant authorities.

If value of the property belonging to the public association with a status of a legal entity, which immediately carried out any commercial activity, is not enough to satisfy claims of creditors, a liquidator (liquidation commission) is obliged to file a bankruptcy petition to a business court for such public association in accordance with the Law of Ukraine ‘On Restoration of Debtor’s Financial Solvency or Its Acknowledgement as a Bankrupt’.

‘KD CONSULTING’ legal & consulting firm provides required consultancy concerning liquidation of any public association. Our specialists ensure competent legal support on all stages of your public association liquidation.