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- Insolvency
- Voluntary administration
Transition to voluntary winding up
The CA sets out a number of events which trigger a transition to winding up. They are:
- • The passing of a resolution to that effect at the second meeting of creditors.
- • The failure of the company to execute a DOCA following a resolution requiring it to do so.
- • The passing of resolutions terminating the deed and that the company be wound up. Other triggering events are set out in the Regulations. See Transition to voluntary winding up.
- • The making of a court order terminating the deed.
- • Where a deed specifies circumstances in which the deed is to terminate and the company is to be wound up, those circumstances happen.