(1)Arbitrary Dissolution:Initiated based on the articles of association or shareholder meeting resolutions, requiring approval by over two-thirds of voting shareholders. Article 230 of the new Company Law permits companies dissolved via these means, yet to distribute assets, to continue operations by ...
As advised by the Administration, section 228A deals with emergency situations where the directors can initiate voluntary winding-up of a company by a speedy process of statutory declaration. legco.gov.hk 據政府當局表示,條例第 228A 條涉及董 事在緊急情況㆘,可透過作出法定聲明,迅速安排公司自動清...
Companies across the globe are often started and, at the end of their operations, undergo a legal process identified as winding up. The legal process of starting a business or company differs greatly from the ending or winding-up process. Some common practices identified ...
company's bottom line. The parent company may decide to wind up such a business if efforts to find a buyer for it are unsuccessful. The winding up process in this case is likely to be more orderly, and have much less of a negative impact on the economy, than a corporate winding up....
company's bottom line. The parent company may decide to wind up such a business if efforts to find a buyer for it are unsuccessful. The winding up process in this case is likely to be more orderly, and have much less of a negative impact on the economy, than a corporate winding up....
The winding up process is a legal process. It is regulated by a series of corporate laws as well as what’s known as a company’s ‘articles of association’ or a partnership agreement. Winding up can either be voluntary or compulsory, and it can apply to both privately held and publicly...
aOnce registered the company’s existence continues regardless of any changes in membership. 一旦登记公司的存在会员资格继续不管其中任一改变。[translate] aFather and son 父亲和儿子[translate] aOnly winding-up proceedings can bring the company to an end. 仅终结行动可能给末端带来公司。[translate]...
The entire winding up of company process shall be finished in 12 months of the start of the Winding up of a company Benefits of Company Liquidation of Company Free from debts after liquidation: Directors and all other company personnel are released from all obligations to and pressure from credi...
compulsory winding up a procedure for the dissolution of a company involving a petition presented to the court, usually by a creditor. The petition must be based on one of the grounds specified in the Companies Act. The most usual ground is that the company is unable to pay its debts. ...
Winding up is the process of liquidating a company. A company that winds up ceases to do business as usual. Its sole purpose is to sell off stock, pay off creditors, and distribute any remaining assets to its partners orshareholders. The term winding up is synonymous withliquidation, which ...