Commonwealth Consolidated Acts

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CORPORATIONS ACT 2001 - SECT 491

Circumstances in which company may be wound up voluntarily

             (1)  Subject to section 490, a company may be wound up voluntarily if the company so resolves by special resolution.

             (2)  A company must:

                     (a)  within 7 days after the passing of a resolution for voluntary winding up, lodge with ASIC, in the prescribed form, a notice setting out the text of the resolution; and

                     (b)  within the period ascertained in accordance with the regulations, cause a notice setting out the prescribed information about the resolution to be published in the prescribed manner.



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