voluntary winding up


Also found in: Dictionary, Financial.
Related to voluntary winding up: compulsory winding up

voluntary winding up

a winding up of a company initiated by a special or extraordinary resolution of the company rather than by a petition to the court.
References in periodicals archive ?
In the Matter of GERARD BRADY LIMITED (In Voluntary Liquidation) AND IN THE MATTER OF THE COMPANIES ACT 1963 - 2013 At an Extraordinary General meeting of the above named company, duly convened and held at the 21 Belvedere Place, Dublin 1 at 10am on 11 November 2014 the following special resolution was duly passed: "That the company be wound up voluntarily by way of a Members Voluntary Winding up and that Niall Byrne be and is hereby appointed Liquidator of the company for the purpose of such Winding Up and that the Liquidator be and is hereby authorised, in accordance with the Memorandum and Articles of Association of the company, to distribute the whole part of the assets of the company amongst the members in specie.
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