Resolution for voluntary winding up-liquidation of companies, Financial Accounting

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Resolution For Voluntary Winding Up

A company may be put into voluntary liquidation:

1) By ordinary resolution: where any period fixed for the duration of the company has expired or any event upon which the company is to be dissolved has happened;

2) By special resolution: for any reason whatsoever. s.271;

The resolution must be advertised in the Kenya Gazette and in a newspaper within 14 days s.272, and the winding up is deemed to commence from the passing of the resolution s.273.

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