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The certificate must be authenticated and dated by the petitioner or the petitioner’s solicitor and must state:
Effectively, the Certificate is stating that all the rules of Compulsory Liquidation procedure have been complied with up to the date of the court hearing.
[See ‘Compulsory Liquidation’.]
Incorporation is the process by which a new or existing business registers as a limited company.
A company is a legal entity with a separate identity from those who own (shareholders/members) or run it (directors). A ‘veil’ is drawn between the company (which is now a legal entity in its own right, which can enter contracts, own property and contract in its own name) and the shareholders/members, who are its owners.
As soon as it is incorporated a ‘Certificate of Incorporation’ is issued, which is effectively the company’s birth certificate.
[See ‘Shareholder’, ‘Director’ and ‘Limited’.]
The Certificate of Proficiency in Insolvency (CPI) is a qualification issued by the Insolvency Practitioners Association (IPA).
On their website the IPA describe the CPI qualification as an established intermediate examination for those specialising in insolvency. It is ideal preparation for the Joint Insolvency Examination Board (JIEB) qualification, with its combination of multiple choice and full written exam questions, and is used by many as a stepping stone to the higher qualification.
