Voluntary winding-up: permitted when articles' duration ends or by special resolution, initiating the company's dissolution process under law. A company may be wound-up voluntarily when its articles' fixed duration expires or a specified event in the articles occurs and the company in general meeting passes a resolution requiring winding-up, or alternatively when the company passes a special resolution that it be wound-up; the Act defines a 'resolution for voluntary winding up' as a resolution under either of these two clauses.