Resolution to wind up voluntarily, Business Law and Ethics

Resolution to Wind Up Voluntarily:

 The type of resolution to be passed varies with the circumstances of the case, as provided in s.271(1):

(a) If the articles provide for liquidation at the end of a specified period or on the happening of an event, e.g. the completion of the transaction for which the company was formed, an ordinary resolution (referring to the articles) suffices; or

(b) A company may, by special resolution (giving no reason), resolve to wind up voluntarily

The winding up commences on the passing of the resolution.  The company must within 14 days after the passing of the resolution give notice of it by advertisement in the Kenya Gazette.

Posted Date: 1/15/2013 4:58:06 AM | Location : United States







Related Discussions:- Resolution to wind up voluntarily, Assignment Help, Ask Question on Resolution to wind up voluntarily, Get Answer, Expert's Help, Resolution to wind up voluntarily Discussions

Write discussion on Resolution to wind up voluntarily
Your posts are moderated
Related Questions
Standard of proof in civil cases: Therefore the standard of proof in civil cases is on a preponderance of probabilities or on a balance of probabilities.  So it must be more p

Q. Legislative options for addressing phoenix activity? There are a range of legislative options for addressing phoenix activity and the following legislative options were expl

Explain the second theory of international antitrust cooperation A second theory of international antitrust cooperation is a more limited multilateral approach under which only

Family and Medical Leave Act: There is a split among the federal circuit courts of appeal on whether or not public employees/officials may be considered "employers" and theref

Law of Agency - Lawful Rules Though the law of agency prescribes the lawful rules to ascertaining as:           (a) How a person possibly will become an agent; and one is

Provisional Contracts - Law of Contract However occasionally an agreement may be illustrated through the parties thereto as being as "a provisional agreement" until a legally

Explain the fundamental causesof inertia The fundamental causes of such 'inertia' which are reflected in, besides other factors, in inaction and delays. The theory must also be

Benefits of non-accepting shareholders: The minority whose shares are acquired compulsory under s.210 are entitled to all the benefits included in the original offer and accep

Former Assistant Treasurer Bill Shorten has cited estimates, based on ATO expertise, that there are 6,000 phoenix operators in Australia. It is recognised that this estimate is a ‘

Consistent with the written Law However Islamic law is the law based on the Holy Koran and the teachings of the Prophet Mohammed as defined in his Sayings called "Hadith".