Voluntary winding up requires cessation of business except to complete winding operations, while corporate powers persist until dissolution. From the commencement of a voluntary winding up, the company must cease carrying on its business except insofar as is required to beneficially wind up its ... Summary
Voluntary winding up requires cessation of business except to complete winding operations, while corporate powers persist until dissolution.
From the commencement of a voluntary winding up, the company must cease carrying on its business except insofar as is required to beneficially wind up its business; the corporate state and corporate powers continue until the company is dissolved, permitting necessary actions to complete winding-up.
Full Summary is available for active users!
Note: It is a system-generated summary and is for quick reference only.