174. Circumstances in which a Company may be wound up voluntarily
Past version: effective from 14/06/2015 - 13/06/2015
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(1) A Company may be wound up voluntarily —
(a) in circumstances as may be provided for in the Articles of the Company; or
(b) if the Company resolves by Special Resolution that it should be wound up voluntarily.
(2) Before a Company passes a resolution for voluntary winding-up it must give at least five (5) business days' prior written notice of the proposed date for the passing of such resolution to the holder of any qualifying charge to which Section 21 (Power to appoint) applies (unless such holder consents in writing to the earlier passing of such resolution).