Section 318 - Omitted

Voluntary winding up requires the liquidator's report, member resolution, Tribunal dissolution, and Registrar Gazette notice.

The Company Liquidator must prepare a report showing assets realised and debts discharged, call a general meeting to present final winding up accounts, and if the majority of members resolve for dissolution, within two weeks send final accounts, meeting returns and resolutions to the Registrar and file an application with the Tribunal along with winding up books and papers. The Tribunal, if satisfied the winding up was just and fair, shall order dissolution within sixty days; the liquidator must file that order with the Registrar within thirty days, and the Registrar shall publish dissolution in the Official Gazette. Noncompliance by the liquidator attracts a fine.