https://www.taxtmi.com/caselaws?id=96571 Voluntary winding up resolutions must comply with statutory form and notice requirements; where notice wording or voting entitlements are defective and the required resolution type is misapplied, the appointment of voluntary liquidators is invalid and they lack locus standi to pursue petitions. Contracts entered before a company is entitled to commence business remain provisional and are not binding until the company fulfils commencement conditions; proved liabilities arising pre-commencement therefore are not enforceable against the company and cannot justify calling shareholders to contribute. The petition to enforce shareholder contributions fails for invalid liquidator appointment and absence of enforceable company liabilities. en-us Tue, 27 Oct 1931 00:00:00 +0530 Mon, 09 Jan 2012 14:52:05 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=96571 Voluntary winding up resolutions must comply with statutory form and notice requirements; where notice wording or voting entitlements are defective and the required resolution type is misapplied, the appointment of voluntary liquidators is invalid and they lack locus standi to pursue petitions. Contracts entered before a company is entitled to commence business remain provisional and are not binding until the company fulfils commencement conditions; proved liabilities arising pre-commencement therefore are not enforceable against the company and cannot justify calling shareholders to contribute. The petition to enforce shareholder contributions fails for invalid liquidator appointment and absence of enforceable company liabilities. Case-Laws Companies Law Tue, 27 Oct 1931 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=96571