https://www.taxtmi.com/acts?id=15743 A company proposing voluntary winding up must convene a creditors' meeting immediately, provide a full statement of affairs, creditor list, required declaration and estimated claims, and appoint a presiding director; creditors may resolve for voluntary winding up or for Tribunal winding up if the company appears unable to pay debts, triggering a Tribunal application within fourteen days, and the company must notify the Registrar of creditor resolutions within ten days, with prescribed penalties for noncompliance. en-us Fri, 23 Dec 2011 13:33:22 +0530 Fri, 23 Dec 2011 13:33:22 +0530 TaxTMI RSS Generator https://www.taxtmi.com/acts?id=15743 A company proposing voluntary winding up must convene a creditors' meeting immediately, provide a full statement of affairs, creditor list, required declaration and estimated claims, and appoint a presiding director; creditors may resolve for voluntary winding up or for Tribunal winding up if the company appears unable to pay debts, triggering a Tribunal application within fourteen days, and the company must notify the Registrar of creditor resolutions within ten days, with prescribed penalties for noncompliance. Act-Rules Bills Fri, 23 Dec 2011 13:33:22 +0530 https://www.taxtmi.com/acts?id=15743