Appointment of committees in voluntary winding up enables members or creditors to supervise liquidation and assist the liquidator. Where a company is in voluntary winding up and there are no creditors, the company in general meeting may appoint committees to supervise the liquidation ... Summary
Appointment of committees in voluntary winding up enables members or creditors to supervise liquidation and assist the liquidator.
Where a company is in voluntary winding up and there are no creditors, the company in general meeting may appoint committees to supervise the liquidation and assist the Company Liquidator; where a creditors' meeting is held, the creditors may appoint such committees to supervise the voluntary liquidation and assist the Company Liquidator.
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