CORPORATIONS ACT 2001

CHAPTER 5 - EXTERNAL ADMINISTRATION  

PART 5.5 - VOLUNTARY WINDING UP  

Division 1 - Resolution for winding up  

SECTION 491   CIRCUMSTANCES IN WHICH COMPANY MAY BE WOUND UP VOLUNTARILY  

491(1)  
Subject to section 490 , a company may be wound up voluntarily if the company so resolves by special resolution.

491(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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