290. Circumstances in which company may be wound up voluntarily

Question 1

290. Circumstances in which company may be wound up voluntarily

Answer 1

General overview
[290.01] Sections 290–312 deal with a company’s voluntary winding up. There are two forms of voluntary winding up; viz a members’ voluntary winding up where the company must be solvent, and a creditors’ voluntary winding up when the company is found to be insolvent.