Voluntary liquidation
Introduction
A voluntary liquidation occurs where the members pass a
resolution to go into liquidation. The type of resolution needed depends on the circumstances:
- Where the period fixed for the duration of the company expires or an event occurs upon which the articles provide that a company should be wound up, an ordinary resolution must be passed.
- A special resolution must be passed if the company is being wound up for any other reason.
Types of voluntary liquidation:
- A members' voluntary liquidation is used where the company is solvent.
- A creditors' voluntary liquidation is used where the company is insolvent.
Members' voluntary winding up
Creditors' voluntary winding up
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Created at 8/21/2012 2:49 PM by System Account
(GMT) Greenwich Mean Time : Dublin, Edinburgh, Lisbon, London
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Last modified at 11/14/2012 3:51 PM by System Account
(GMT) Greenwich Mean Time : Dublin, Edinburgh, Lisbon, London
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