The District Courts (Oslo Registrar's Court in Oslo) can dissolve and liquidate companies compulsorily at the request of the Brønnøysundregistrene. This page shows how the courts process this type of case.
According to section 16-15 of the Limited Liability Companies Act, the court shall put companies in breach of the act into compulsory dissolution. These can be companies with a board of directors that fails to meet the requirements of the law, have no auditor, have not submitted annual accounts or fail to meet the requirements for share capital (see the Limited Liability Companies Act at lovdata.no).
Notification to companies
The Business Register or Accounts Register send notification to companies that they do not meet the terms of the Limited Liability Companies Act. The company will be given a period of one month to correct the situation. The company will also be informed of the consequences if the deadline is not met. If the failings are not corrected before the deadline, the notification will be repeated in the form of an announcement. The announcement will inform that the terms for dissolution of the company exist. The company will be given a final deadline of two weeks to correct the situation.
If the company fails to react
If the failings are not corrected by the expiry of the deadline, the Company and Accounts Registers will notify the appropriate court. The court will then resolve that the company should be dissolved by passing judgement without further notification. The judgement will apply as notification of the opening of bankruptcy proceedings according to section 16-17 (2) of the Limited Liability Companies Act.
If there are special circumstances, the court can put companies into compulsory liquidation in accordance with the Limited Liability Companies Act. This can be done if the company is not reported as finally liquidated within one year of notification of its own decision to liquidate.
The Business Register will notify the court when the deadline expires.
Before the court decides to take over responsibility for compulsory liquidation of the company, the company's board of directors or liquidation board will be given the chance to make a statement.
If the court decides to liquidate the company, the announcement will apply as notification of the opening of bankruptcy proceedings according to section 16-14 (3) of the Limited Liability Companies Act.