s 491
In forceCircumstances in which company may be wound up voluntarily
Volume 2Chapter 2L, Part 2L.1 to Chapter 5, Part 5.9 sections 283AA to 600K
Chapter 5External administration
Part 5.5Voluntary winding up
Division 1Resolution for winding up
491 Circumstances in which company may be wound up voluntarily
(1)
Subject to section 490, a company may be wound up voluntarily if the company so resolves by special resolution.
(2)
A company must:
(a)
within 7 days after the passing of a resolution for voluntary winding up, lodge with ASIC, in the prescribed form, a notice setting out the text of the resolution; and
(b)
within the period ascertained in accordance with the regulations, cause a notice setting out the prescribed information about the resolution to be published in the prescribed manner.
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