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of <h1>Directors Declare Solvency for Member's Voluntary Winding-up, Ensuring Debts Paid Within Three Years Under Section Declaration.</h1> A Member's Voluntary Winding-up involves a declaration of solvency by the directors of a company, affirming that they have thoroughly examined the company's affairs. They declare that the company can pay its debts in full within a specified period, not exceeding three years. The declaration includes a statement of the company's assets and liabilities, listing assets like bank balances, securities, and properties, and liabilities such as secured and unsecured debts. This statement is signed by the directors and verified by a Commissioner for Oaths or similar authority. The estimated surplus after settling all debts.
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