Voluntary winding up: company stops ordinary business but retains corporate state and powers until dissolution. In a voluntary winding up the company, from the commencement of the winding up, must cease to carry on its business except so far as may be required for the beneficial winding up of such business, and the corporate state and corporate powers of the company continue until it is dissolved.
Cases where this provision is explicitly mentioned in the judgment/order text; may not be exhaustive. To view the complete list of cases mentioning this section, Click here.
Provisions expressly mentioned in the judgment/order text.
Voluntary winding up: company stops ordinary business but retains corporate state and powers until dissolution.
In a voluntary winding up the company, from the commencement of the winding up, must cease to carry on its business except so far as may be required for the beneficial winding up of such business, and the corporate state and corporate powers of the company continue until it is dissolved.
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