493
In forceEffect of voluntary winding up
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
493 Effect of voluntary winding up
The company must, from the passing of the resolution, cease to carry on its business except so far as is in the opinion of the liquidator required for the beneficial disposal or winding up of that business, but the corporate state and corporate powers of the company, notwithstanding anything to the contrary in its constitution, continue until it is deregistered.
This Act’s bill:Explanatory memorandumSecond reading speech
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